Public Law 115-97

GPTKB entity

Statements (48)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:abbreviation gptkb:TCJA
gptkbp:affectedCode gptkb:Internal_Revenue_Code
gptkbp:amendedBy yes
gptkbp:billColor gptkb:H.R.1
gptkbp:changedAffordableCareActIndividualMandate repealed
gptkbp:changedAlternativeMinimumTax modified
gptkbp:changedChildTaxCredit increased
gptkbp:changedEstateTaxExemption doubled
gptkbp:changedMortgageInterestDeduction limited
gptkbp:changedPassThroughDeduction 20%
gptkbp:changedPersonalExemption eliminated
gptkbp:changedStandardDeduction increased
gptkbp:congressionalBudgetOfficeEstimate $1.5 trillion increase in deficit over 10 years
gptkbp:enactedBy gptkb:115th_United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Public Law 115-97
gptkbp:increasedDeficit yes
gptkbp:introduced gptkb:Kevin_Brady
gptkbp:introducedIn gptkb:House_of_Representatives
2017-11-02
gptkbp:length 185 pages
gptkbp:limitedStateAndLocalTaxDeduction $10,000
gptkbp:officialName An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018
gptkbp:partyOpposition Democratic
gptkbp:partySupport Republican
gptkbp:popularFor gptkb:Tax_Cuts_and_Jobs_Act
gptkbp:previousCorporateTaxRate 35%
gptkbp:publicLawNumber 115-97
gptkbp:reconciliationAct yes
gptkbp:reducedCorporateTaxRate 21%
gptkbp:repealedBy no
gptkbp:signedBy gptkb:Donald_Trump
2017-12-22
gptkbp:startDate 2018-01-01
gptkbp:statutesAtLargeCitation gptkb:131_Stat._2054
gptkbp:subject gptkb:tax_law
estate tax
individual income tax
international taxation
corporate tax
alternative minimum tax
gptkbp:sunsetProvisions some individual tax cuts expire after 2025
gptkbp:votedAgainstInHouse 203
gptkbp:votedAgainstInSenate 48
gptkbp:votedForInHouse 227
gptkbp:votedForInSenate 51
gptkbp:bfsParent gptkb:Tax_Cuts_and_Jobs_Act_of_2017
gptkbp:bfsLayer 5