Bill Sponsor
House Bill 1300
116th Congress(2019-2020)
Taxpayer Penalty Protection Act of 2019
Introduced
Introduced
Introduced in House on Feb 15, 2019
Overview
Text
Sponsor
Introduced
Feb 15, 2019
Latest Action
Feb 15, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1300
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
California
Democrat
California
Democrat
California
Democrat
California
Democrat
California
Democrat
Connecticut
Democrat
District of Columbia
Democrat
Georgia
Democrat
Michigan
Democrat
New Jersey
Democrat
New York
Democrat
Pennsylvania
Democrat
Pennsylvania
Democrat
Pennsylvania
Democrat
Virginia
Democrat
Washington
Democrat
Wisconsin
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Taxpayer Penalty Protection Act of 2019

This bill reduces the amount of estimated income tax that certain taxpayers are required to pay for 2018.

Presently, a penalty applies if taxpayers do not use either withholding or estimated tax payments to make a required annual payment before the end of the year. The required payment is the lesser of 90% of the tax for the taxable year or a specified percentage of the preceding year's tax.

For 2018, the bill reduces the percentage of the preceding year's tax from 100% to 80%. For taxpayers with adjusted gross incomes for the preceding year that exceed $150,000, the bill reduces the percentage from 110% to 100%.

Text (1)
February 15, 2019
Actions (2)
02/15/2019
Referred to the House Committee on Ways and Means.
02/15/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 4:32:54 PM