H.R. 8913: TCJA Permanency Act

117th Congress · introduced 2022-09-20 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

Where it came from: introduced 2022-09-20 · official record
Who proposed it: Rep. Buchanan, Vern [R-FL-16] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

TCJA Permanency Act

Plain summary

TCJA Permanency Act This bill makes permanent provisions affecting individual and business taxpayers that were enacted in 2017 by the Tax Cuts and Jobs Act and are scheduled to expire at the end of 2025. The bill makes permanent reductions in individual and capital gain tax rates. The bill increases the standard tax deduction for individual taxpayers. It also increases and modifies the child tax credit and raises the contribution base for the tax deduction for charitable contributions. The bill allows additional contributions to ABLE accounts (tax-exempt accounts designed to enable individuals with disabilities to save and pay for disability-related expenses). It exempts from taxation combat zone benefits of members of the Armed Forces serving in the Sinai Peninsula of Egypt and limits the deduction for moving expenses to active duty members of the Armed Forces. Additionally, the bill expands the types of elementary and secondary school expenses eligible for payment from qualified tuition programs (529 programs); lowers to $750,000 the amount of mortgage debt eligible for an interest expense tax deduction; reinstates after 2023 the exclusion of income from the gross income of student loan borrowers for loan debt discharged due to death or total and permanent disability; makes permanent the limitation on the tax deduction for state and local taxes and denies a deduction for foreign real property taxes; makes permanent the tax deduction of the income of certain pass-through business entities; repeals the tax deduction for personal tax exemptions and the exclusion of employer-provided bicycle commuter fringe benefits; terminates certain miscellaneous itemized tax deductions; doubles the estate and gift tax exemption amount; and makes permanent the increase of the alternative minimum tax exemption amount for individual taxpayers.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

TCJA Permanency Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Buchanan, Vern [R-FL-16] · 120 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Jim Banks (R-IN), Scott Perry (R-PA), David P. Joyce (R-OH), Jodey C. Arrington (R-TX), Carol D. Miller (R-WV), David Kustoff (R-TN), Kat Cammack (R-FL), Michael T. McCaul (R-TX), Ann Wagner (R-MO), Earl L. "Buddy" Carter (R-GA), John R. Moolenaar (R-MI), Daniel Meuser (R-PA), Randy Feenstra (R-IA), August Pfluger (R-TX), Mariannette Miller-Meeks (R-IA), David Rouzer (R-NC), Guy Reschenthaler (R-PA), Jefferson Van Drew (R-NJ), Ralph Norman (R-SC), Beth Van Duyne (R-TX), Lance Gooden (R-TX), Maria Elvira Salazar (R-FL), Mike Kelly (R-PA), Kevin Hern (R-OK), Ted Budd (R-NC), Blake D. Moore (R-UT), Neal P. Dunn (R-FL), Mike Bost (R-IL), Brian J. Mast (R-FL), Darin LaHood (R-IL), Clay Higgins (R-LA), Stephanie I. Bice (R-OK), Burgess Owens (R-UT), Michelle Fischbach (R-MN), J. French Hill (R-AR), Don Bacon (R-NE), Steve Scalise (R-LA), Tracey Mann (R-KS), Roger Williams (R-TX), W. Gregory Steube (R-FL), Claudia Tenney (R-NY), Gus M. Bilirakis (R-FL), Troy Balderson (R-OH), Ronny Jackson (R-TX), Bryan Steil (R-WI), Brad Finstad (R-MN), Elise M. Stefanik (R-NY), Tim Walberg (R-MI), Richard Hudson (R-NC) and 60 more.

Sponsor's campaign money: Rep. Buchanan, Vern [R-FL-16] reported raising $932,898 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (4)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Capital gains: The profit from selling something you own, such as stock or real estate, for more than you paid. A capital gains tax is a tax on that profit.
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Property tax: A tax on land, buildings and some business property, based on its value. In Texas it is set and collected by local governments (cities, counties, school districts and special districts), not by the state.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr8913.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr8913 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117