H.R. 4085 · 115th Congress
Tax Policy Transparency Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RuppersbergerSponsorNo cosponsors.
This bill requires the Joint Committee on Taxation (JCT) to make publicly available an analysis of the effects of major tax legislation, including: (1) a distributional analysis, (2) a dynamic distributional after-tax wage income analysis, and (3) a written summary of the results of the analyses.
What it does: CRS summary · Introduced in House · Oct 19, 2017
Tax Policy Transparency Act
This bill requires the Joint Committee on Taxation (JCT) to make publicly available an analysis of the effects of major tax legislation, including: (1) a distributional analysis, (2) a dynamic distributional after-tax wage income analysis, and (3) a written summary of the results of the analyses.
During the 10-year period after major tax legislation is enacted into law, the JCT must submit to Congress annual updates for the estimates included in the analyses.
"Major tax legislation" includes legislation for which the estimate provided by the JCT and the Congressional Budget Office under the Congressional Budget Act of 1974 incorporates the budgetary effects of changes in economic output, employment, capital stock, and other macroeconomic variables (commonly known as dynamic scoring).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Tax Policy Transparency Act
Latest action (Oct 19, 2017): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Oct 19, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.