H.R. 1 - 115th Congress (2017-2018) - An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.

replaces the seven existing tax brackets (10%, 15%, 25%, 28%, 33%, 35%, and 39.6%) with four brackets (12%, 25%, 35%, and 39.6%),
increases the standard deduction,
repeals the deduction for personal exemptions,
establishes a 25% maximum rate on the business income of individuals,
increases the child tax credit and establishes a new family tax credit,
repeals the overall limitation on certain itemized deductions,
limits the mortgage interest deduction for debt incurred after November 2, 2017, to mortgages of up to $500,000 (currently $1 million),
repeals the deduction for state and local income or sales taxes not paid or accrued in a trade or business,
repeals the deduction for medical expenses,
consolidates and repeals several education-related deductions and credits,
repeals the alternative minimum tax, and
repeals the estate and generation-skipping transfer taxes in six years.

For businesses, the bill:

reduces the corporate tax rate from a maximum of 35% to a flat 20% rate (25% for personal services corporations),
allows increased expensing of the costs of certain property,
limits the deductibility of net interest expenses to 30% of the business's adjusted taxable income,
repeals the work opportunity tax credit,
terminates the exclusion for interest on private activity bonds,
modifies or repeals various energy-related deductions and credits,
modifies the taxation of foreign income, and
imposes an excise tax on certain payments from domestic corporations to related foreign corporations.

The bill also repeals or modifies several additional credits and deductions for individuals and businesses.

Text (7)

Enrolled Bill

Engrossed Amendment Senate

December 20, 2017

Engrossed Amendment Senate

December 14, 2017

Placed on Calendar Senate

November 28, 2017

Engrossed in House

November 16, 2017

Reported in House

November 13, 2017

Introduced in House

November 2, 2017

Amendments (275)

Show All Amendments

Displaying only amendments with a detailed public record (11)

Dec 20, 2017

Agreed to in Senate

Sponsorship

Senate Amendment 1863

In the nature of a substitute.

Agreed To

Dec 02, 2017

Agreed to in Senate

Sponsorship

Senate Amendment 1856 to Senate Amendment 1618

Of a perfecting nature.

Agreed To

Dec 01, 2017

Agreed to in Senate

Sponsorship

Senate Amendment 1855 to Senate Amendment 1618

To provide a perfecting amendment.

Agreed To

Dec 01, 2017

Submitted in Senate

Sponsorship

Senate Amendment 1854 to Senate Amendment 1618

To amend the Internal Revenue Code of 1986 to increase the Child Tax Credit, and for other purposes.

Submitted

Dec 02, 2017

Agreed to in Senate

Sponsorship

Senate Amendment 1852 to Senate Amendment 1618

To allow limited 529 account funds to be used for elementary and secondary education, including homeschool.

Agreed To

Dec 01, 2017

Submitted in Senate

Sponsorship

Senate Amendment 1850 to Senate Amendment 1618

To increase the refundability of the child tax credit, and for other purposes.

Submitted

Dec 01, 2017

Submitted in Senate

Sponsorship

Senate Amendment 1846 to Senate Amendment 1618

To provide middle class tax relief.

Submitted

Nov 30, 2017

Submitted in Senate

Sponsorship

Senate Amendment 1720 to Senate Amendment 1618

To create a point of order against legislation that cuts Social Security, Medicare, or Medicaid benefits.

Submitted

Nov 30, 2017

Submitted in Senate

Sponsorship

Senate Amendment 1717 to Senate Amendment 1618

To strike title II.

Submitted

Dec 02, 2017

Agreed to in Senate

Sponsorship

Senate Amendment 1618

To improve the bill.

Agreed To

Amendments

Nov 15, 2017

Offered in House

Sponsorship

House Amendment 485

Pursuant to H. Res. 619, the amendment in the nature of a substitute now printed in the bill was considered as adopted.

Submitted

Actions (103)

Show Only Major Actions

12/22/2017

Signed by President.

12/21/2017

Presented to President.

12/20/2017

Motion to reconsider laid on the table Agreed to without objection.

12/20/2017

On motion that the House agree to the Senate amendment Agreed to by the Yeas and Nays: 224 - 201 (Roll no. 699). (text: CR H10261-10308)

12/20/2017

Resolving differences -- House actions: On motion that the House agree to the Senate amendment Agreed to by the Yeas and Nays: 224 - 201 (Roll no. 699).(text: CR H10261-10308)

12/20/2017

The previous question was ordered pursuant to the rule.

12/20/2017

DEBATE - Pursuant to the provisions of H.Res. 668, the House proceeded with 20 minutes of debate on the motion to concur in the Senate amendment to H.R. 1.

12/20/2017

Mr. Brady (TX) moved that the House agree to the Senate amendment.

12/20/2017

Pursuant to the provisions of H.Res. 668, Mr. Brady (TX) brought up H.R. 1 and offered a motion. (consideration: CR H10261-10312)

12/20/2017

Rule H. Res. 668 passed House.

12/20/2017

Rules Committee Resolution H. Res. 668 Reported to House. Rule provides for consideration of Senate Amendment to H.R. 1. Previous question shall be considered as ordered without intervening motions.

12/20/2017

Message on Senate action sent to the House.

12/20/2017

Senate receded from its amendment and concurred with an amendment (SA 1863) by Yea-Nay Vote. 51 - 48. Record Vote Number: 323.

12/20/2017

Senate defeated conference report pursuant to the points of order raised under the Budget Act.

12/20/2017

Points of order were sustained against the applicable provisions within the conference report, and the language was stricken.

12/20/2017

Motion to waive all applicable budget resolutions with respect to the conference report to accompany H.R. 1 rejected in Senate by Yea-Nay Vote. 51 - 48. Record Vote Number: 322. (12/19/17 CR S8101)

12/19/2017

Points of order against the conference report to accompany H.R.1 raised in Senate.

12/19/2017

Conference report considered in Senate. (consideration: CR S8088-8142)

12/19/2017

Motion to proceed to consideration of the conference report agreed to in Senate by Yea-Nay Vote. 51 - 48. Record Vote Number: 321. (CR S8088)

12/19/2017

Conference papers: message on House action held at the desk in Senate.

12/19/2017

Motions to reconsider laid on the table Agreed to without objection.

12/19/2017

On agreeing to the conference report Agreed to by the Yeas and Nays: 227 - 203 (Roll no. 692).

12/19/2017

Conference report agreed to in House: On agreeing to the conference report Agreed to by the Yeas and Nays: 227 - 203 (Roll no. 692).

12/19/2017

On motion to recommit with instructions to conference committee Failed by the Yeas and Nays: 191 - 236 (Roll no. 691).

12/19/2017

The previous question on the motion to recommit with instructions to conference committee was ordered without objection.

12/19/2017

Mr. Neal moved to recommit with instructions to the conference committee. The instructions contained in the motion seek to instruct the managers on the part of the House to disagree in section 11042 and part VIII of subtitle A of title I of the conference report.

12/19/2017

The previous question was ordered pursuant to the rule.

12/19/2017

DEBATE - Pursuant to the provisions of H. Res. 667, the House proceeded with 1 hour of general debate on the conference report to accompany H.R. 1.

12/19/2017

Mr. Brady (TX) brought up conference report H. Rept. 115-466 for consideration under the provisions of H. Res. 667. (consideration: CR H10201-10215)

12/18/2017

Conference papers: Senate report and manager's statement held at the desk in Senate.

12/15/2017

Conference report H. Rept. 115-466 filed. (text of conference report: CR H9943-10142)

12/15/2017

Conference report filed: Conference report H. Rept. 115-466 filed.(text of conference report: CR H9943-10142)

12/13/2017

Conference held.

12/13/2017

Conference committee actions: Conference held.

12/11/2017

Message on Senate action sent to the House.

12/07/2017

Senate appointed conferees. Hatch; Enzi; Murkowski; Cornyn; Thune; Portman; Scott; Toomey; Wyden; Sanders; Murray; Cantwell; Stabenow; Menendez; Carper.

12/06/2017

Motion by Senator Booker to instruct Senate conferees (health insurance) rejected in Senate by Yea-Nay Vote. 47 - 51. Record Vote Number: 309.

12/06/2017

Motion by Senator Rubio to instruct Senate conferees (child tax credit) agreed to in Senate by Voice Vote.

12/06/2017

Motion by Senator Booker to instruct Senate conferees made in Senate.

12/06/2017

Motion by Senator Rubio to instruct Senate conferees made in Senate.

12/06/2017

Motion by Senator Stabenow to instruct Senate conferees (corporate tax rate) rejected in Senate by Yea-Nay Vote. 44 - 54. Record Vote Number: 308.

12/06/2017

Motion by Senator Stabenow to instruct Senate conferees made in Senate.

12/06/2017

Motion by Senator King to instruct Senate conferees (Federal budget deficit) rejected in Senate by Yea-Nay Vote. 48 - 50. Record Vote Number: 307.

12/06/2017

Motion by Senator King to instruct Senate conferees made in Senate.

12/06/2017

Senate insists on its amendment, agrees to request for conference, and authorizes the Presiding Officer to appoint conferees.

12/06/2017

Motion to insist on Senate amendment to House bill, agree to request for conference, and authorize the Presiding Officer to appoint conferees agreed to in Senate by Yea-Nay Vote. 51 - 47. Record Vote Number: 306.

12/06/2017

Motion to insist on Senate amendment to House bill, agree to request for conference, and authorize the Presiding Officer to appoint conferees made in Senate.

12/06/2017

Measure laid before Senate by unanimous consent. (consideration: CR S7859-7883)

12/05/2017

APPOINTMENT OF CONFEREE - Pursuant to clause 11 of rule I, the Chair announced the removal of the gentleman from Oregon, Mr. Walden, as a conferee on H.R. 1 and appointed the gentleman from Michigan, Mr. Upton, to fill the vacancy.

12/05/2017

Message on House action received in Senate and at desk: House requests a conference.

12/04/2017

The Speaker appointed conferees - from the Committee on Natural Resources for consideration of secs. 20001 and 20002 of the Senate amendment, and modifications committed to conference: Bishop (UT), Young (AK), and Grijalva.

12/04/2017

The Speaker appointed conferees - from the Committee on Energy and Commerce for consideration of sec. 20003 of the Senate amendment, and modifications committed to conference: Upton, Shimkus, and Castor of Florida.

12/04/2017

The Speaker appointed conferees - from the Committee on Ways and Means for consideration of the House bill and the Senate amendment, and modifications committed to conference: Brady (TX), Nunes, Roskam, Black, Noem, Neal, Levin, and Doggett.

12/04/2017

Motion to reconsider laid on the table Agreed to without objection.

12/04/2017

On motion that the House instruct conferees Failed by the Yeas and Nays: 186 - 233 (Roll no. 654).

12/04/2017

The previous question was ordered without objection.

12/04/2017

DEBATE - The House proceeded with one hour of debate on the Neal motion to instruct conferees. The instructions contained in the motion seek to require the managers on the part of the House to disagree with section 11081 of the Senate amendment and recede from section 1303 of the House bill.

12/04/2017

Mr. Neal moved that the House instruct conferees. (consideration: CR H9603; text: CR H9603)

12/04/2017

On motion that the House disagree to the Senate amendment, and request a conference Agreed to by the Yeas and Nays: 222 - 192 (Roll no. 653).

12/04/2017

DEBATE - The House proceeded with one hour of debate on the motion to disagree to the Senate amendment and request a conference.

12/04/2017

Mr. Brady (TX) moved that the House disagree to the Senate amendment, and request a conference. (consideration: CR H9601-9613)

12/04/2017

Message on Senate action sent to the House.

12/02/2017

Passed Senate with an amendment by Yea-Nay Vote. 51 - 49. Record Vote Number: 303.

12/02/2017

Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 51 - 49. Record Vote Number: 303.

12/02/2017

Motion by Senator Manchin to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 38 - 61. Record Vote Number: 300.

12/01/2017

Motion by Senator Menendez to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 297.

12/01/2017

Motion by Senator Cardin to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 43 - 57. Record Vote Number: 292.

12/01/2017

Motion by Senator Baldwin to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 291.

12/01/2017

Motion by Senator Nelson to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 290.

12/01/2017

Considered by Senate. (consideration: CR S7653-7712)

11/30/2017

Motion by Senator Nelson to commit to Senate Committee on Finance with instructions made in Senate.

11/30/2017

Motion by Senator Baldwin to commit to Senate Committee on Finance with instructions made in Senate.

11/30/2017

Motion by Senator Stabenow to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 45 - 55. Record Vote Number: 289.

11/30/2017

Motion by Senator King to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 288.

11/30/2017

Motion by Senator Casey to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 48 - 51. Record Vote Number: 287.

11/30/2017

Motion by Senator Brown to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 286.

11/30/2017

Considered by Senate. (consideration: CR S7507-7557)

11/29/2017

Motion by Senator Wyden to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 48 - 51. Record Vote Number: 285.

11/29/2017

Measure laid before Senate by motion.

11/29/2017

Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 52 - 48. Record Vote Number: 284. (consideration: CR S7393-7402, S7499-7504)

11/28/2017

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 266.

11/27/2017

Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

11/16/2017

Motion to reconsider laid on the table Agreed to without objection.

11/16/2017

The title of the measure was amended pursuant to H. Res. 619.

11/16/2017

On passage Passed by the Yeas and Nays: 227 - 205 (Roll no. 637).

11/16/2017

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 227 - 205 (Roll no. 637).

11/16/2017

The previous question was ordered pursuant to the rule.

11/16/2017

DEBATE - The House resumed with debate on H.R. 1.

11/16/2017

Pursuant to clause 1(c) of rule 19, the House continued with further consideration on H.R. 1.

11/16/2017

POSTPONED PROCEEDINGS - The Chair announced that pursuant to clause 1(c) of rule 19, further consideration of H.R. 1 is postponed.

11/16/2017

Pursuant to clause 1(c) of rule 19, the House continued with further consideration on H.R. 1. (consideration: CR H9381-9414)

11/15/2017

POSTPONED PROCEEDINGS - The Chair announced that pursuant to clause 1(c) of rule 19, further consideration of H.R. 1 is postponed.

11/15/2017

DEBATE - The House proceeded with four hours of debate on H.R. 1.

11/15/2017

Rule provides for consideration of H.R. 1 with 4 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. The rule also provides that on any legislative day during the period from November 17, 2017, through November 27, 2017--the Journal of the proceedings of the previous day shall be considered as approved.

11/15/2017

Considered under the provisions of rule H. Res. 619. (consideration: CR H9269-9281, H9302-9361; text of amendment in the nature of a substitute: CR H9302-9345)

11/15/2017

Rule H. Res. 619 passed House.

11/15/2017

Rules Committee Resolution H. Res. 619 Reported to House. Rule provides for consideration of H.R. 1 with 4 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. The rule also provides that on any legislative day during the period from November 17, 2017, through November 27, 2017: the Journal of the proceedings of the previous day shall be considered as approved.

11/13/2017

Placed on the Union Calendar, Calendar No. 302.

11/13/2017

Reported (Amended) by the Committee on Ways and Means. H. Rept. 115-409.

11/07/2017

Committee Consideration and Mark-up Session Held.

11/06/2017

Committee Consideration and Mark-up Session Held.

11/02/2017

Referred to the House Committee on Ways and Means.

11/02/2017

Introduced in House

Public Record

Record Updated

Sep 5, 2023 4:12:28 PM