H.R. 5377 - Restoring Tax Fairness for States and Localities Act

Bill Text

    Text of H.R. 5377 PDF XML

    (as reported)

    H. Rept. 116-345 PDF

    Report from the Committee on Ways and Means to accompany H.R. 5377

Rule Information

COMMITTEE ACTION:
REPORTED BY A RECORD VOTE OF 7-4 on Wednesday, December 18, 2019.

FLOOR ACTION ON H. RES. 772: 
Agreed to by record vote of 227-196, after agreeing to the previous question by record vote of 227-195, on Thursday, December 19, 2019.

MANAGERS: Torres/Cole

1. Closed rule.
2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.
3. Waives all points of order against consideration of the bill.
4. Provides that the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted and the bill, as amended, shall be considered as read.
5. Waives all points of order against provisions in the bill, as amended.
6. Provides one motion to recommit with or without instructions.

Amendments (click headers to sort)

#Version #Sponsor(s)PartySummaryStatus
1Version 1Arrington (TX), Zeldin (NY)RepublicanExempts small business income from the increase to the 39.6 percent tax rate proposed by this bill.Submitted
5Version 1Axne (IA), Finkenauer (IA), Loebsack (IA)DemocratPermanently extends the second-generation biofuel producer tax credit.Submitted
3Version 1Ferguson (GA)RepublicanPrevents any provisions in this Act from taking effect until the Office of Tax Analysis of the Department of the Treasury has issued a written determination that provisions in this Act are not anticipated to have an adverse impact on rural areas.Submitted
4Version 1Ferguson (GA)RepublicanMakes permanent the individual income tax rates and the small business deduction.Submitted
7Version 1Finkenauer (IA), Axne (IA), Loebsack (IA)DemocratProvide for a three-year extension of the biodiesel tax credit.Submitted
6Version 1Graves, Garret (LA), Davis, Rodney (IL)RepublicanRepeals the Windfall Elimination and Government Pension Offset.Submitted
2Version 1Lipinski (IL)DemocratPrevents the return of the TCJA SALT deduction limit in 2022 and later tax years by providing for an increase to the SALT limit from $10,000 to $15,000, permanently eliminating the marriage penalty, and indexing the SALT limit to inflation. Offsets the cost of these provisions by providing for an increase in the corporate tax rate as necessary.Submitted
9Version 1Rice, Tom (SC)RepublicanEliminates the SALT cap on the bottom 90 percent of taxpayers, deny any SALT deduction for the top 10 percent of taxpayers, and would eliminate the individual tax rate increase.Submitted
8Version 1Woodall (GA)RepublicanWithdrawn Provides that the elimination of the State and Local Tax (SALT) deduction cap does not apply to taxpayers who have an adjusted gross income in the top 10 percent of income tax filers.Withdrawn