H.R. 5155 · 117th Congress · House

Taxpayer Penalty Protection Act of 2021

Active· Referred to the House Committee on Ways and Means.
Introduced
Sep 3, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Taxpayer Penalty Protection Act of 2021

This bill exempts taxpayers from penalties for failure to pay estimated income tax in taxable years beginning in 2020 if such taxpayers (1) paid at least 70% of the tax due for the current year, and (2) paid 70% (90% if adjusted gross income exceeds $150,000) of tax shown on returns for the prior year.

Action Timeline

3
  1. SEP 03, 2021IntroReferral

    Introduced in House

  2. SEP 03, 2021IntroReferral

    Introduced in House

  3. SEP 03, 2021IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: Sep 3, 2021

Active