Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 5155

BillFederalHouseIn Committee
Taxpayer Penalty Protection Act of 2021
About This Bill
Committee
Latest Action · September 3, 2021
Referred to the House Committee on Ways and Means.
Congress
117th (2021–2023)
Introduced
September 3, 2021
Cosponsors (10)
7D 3R
View PDF ↗

Summary

Highlight any text to annotate
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.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.