Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment was submitted by Mr. Paul. Its purpose is to change section 70104 of the bill by striking subsections (c) and (d) and replacing them with new provisions.
Here is what the amendment aims to change or add:
- It adds an Inflation Adjustment for taxable years beginning after 2025, which adjusts the $2,200 amount using a cost-of-living calculation based on substituting
2024for2016. - It includes a Rounding rule where any increase that is not a multiple of $100 gets rounded to the next lowest multiple of $100.
- It brings about the Elimination of Refundable Credit by striking subsection (d) and making specific conforming amendments to other sections.
- 6/29/2025
- Senate amendment submitted
This bill has no cosponsors