United States 119th Congress Status: In Committee 55 R cosponsors

HR 137 — TCJA Permanency Act

Last action — Referred to the House Committee on Ways and Means.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced January 03, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 26% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 55 sponsors

    2 primary, 53 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (55 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

HR 137 addresses economic policies in the United States.

This bill focuses on proposed economic measures and policies. It aims to stimulate growth and improve financial stability.

Summary

TCJA Permanency Act This bill makes permanent multiple federal tax provisions enacted in 2017 by the Tax Cuts and Jobs Act.The bill makes permanent the individual tax rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%;increased standard deduction;personal exemption allowance repeal;exclusion from income of student loans discharged due to death or disability;qualified business income tax deduction (199A tax deduction);allowance of ABLE account contributions in excess of the annual gift tax exclusion amount;base estate and gift tax exclusion amount of $10 million (adjusted annually); andalternative minimum tax exemption and phaseout amounts for noncorporate taxpayers.The bill makes permanent the child tax credit amounts of $2,000 per child and $500 for dependents, the $200,000 phaseout threshold ($400,000 for joint filers), and the refundable portion of the tax credit. The bill expands the expenses eligible for tax-free withdrawals from qualified tuition plans (529 plans) to include additional expenses associated with homeschool and elementary and secondary schools (e.g., instructional materials, tutoring, test and enrollment fees, and educational therapies). The bill permanently eliminates certain miscellaneous itemized deductions and makes permanent the state and local tax deduction limit of $10,000 ($5,000 for married individuals filing separately),mortgage interest tax deduction limit of $750,000 ($375,000 for married individuals filing separately),limit on the deduction of cash charitable contributions to 60% of a taxpayer’s adjusted gross income, andcertain limits on casualty loss tax deductions. The bill also permanently eliminates the exclusion from income for employer-reimbursed bicycle commuting expenses.

Bill Text

Action History

  1. Introduced in House

  2. Introduced in House

  3. Introduced in House

  4. Introduced in House

  5. Referred to the House Committee on Ways and Means.

  6. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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2 sponsors · 53 co-sponsors · 492 not signed on

Sponsors (2)

Co-sponsors (53)

Not signed on (492)

492 members have not signed on to this bill.

Show all 492 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 137 do?
TCJA Permanency Act This bill makes permanent multiple federal tax provisions enacted in 2017 by the Tax Cuts and Jobs Act.The bill makes permanent the individual tax rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%;increased standard deduction;personal exemption allowance repeal;exclusion from income of student loans discharged due to death or disability;qualified business income tax deduction (199A tax deduction);allowance of ABLE account contributions in excess of the annual gift tax exclusion amount;base estate and gift tax exclusion amount of $10 million (adjusted annually); andalternative minimum tax exemption and phaseout amounts for noncorporate taxpayers.The bill makes permanent the child tax credit amounts of $2,000 per child and $500 for dependents, the $200,000 phaseout threshold ($400,000 for joint filers), and the refundable portion of the tax credit. The bill expands the expenses eligible for tax-free withdrawals from qualified tuition plans (529 plans) to include additional expenses associated with homeschool and elementary and secondary schools (e.g., instructional materials, tutoring, test and enrollment fees, and educational therapies). The bill permanently eliminates certain miscellaneous itemized deductions and makes permanent the state and local tax deduction limit of $10,000 ($5,000 for married individuals filing separately),mortgage interest tax deduction limit of $750,000 ($375,000 for married individuals filing separately),limit on the deduction of cash charitable contributions to 60% of a taxpayer’s adjusted gross income, andcertain limits on casualty loss tax deductions. The bill also permanently eliminates the exclusion from income for employer-reimbursed bicycle commuting expenses.
Who sponsors HR 137?
HR 137 is sponsored by Smith, Adrian (Republican), LaHood, Darin (Republican), Estes, Ron (Republican), Miller, Carol D. (Republican), Kustoff, David (Republican), Tenney, Claudia (Republican), Van Duyne, Beth (Republican), Feenstra, Randy (Republican), Carey, Mike (Republican), Yakym, Rudy (Republican), Moran, Nathaniel (Republican), Miller, Max L. (Republican), Rutherford, John H. (Republican), Crenshaw, Dan (Republican), Guest, Michael (Republican), Moolenaar, John R. (Republican), Amodei, Mark E. (Republican), Fulcher, Russ (Republican), Ellzey, Jake (Republican), Grothman, Glenn (Republican), Meuser, Daniel (Republican), Clyde, Andrew S. (Republican), Rouzer, David (Republican), Hinson, Ashley (Republican), Rulli, Michael A. (Republican), Ezell, Mike (Republican), Bost, Mike (Republican), Barr, Andy (Republican), Weber, Randy K. Sr. (Republican), Carter, Earl L. "Buddy" (Republican), Green, Mark E. (Republican), Kelly, Mike (Republican), Nunn, Zachary (Republican), Bean, Aaron (Republican), Self, Keith (Republican), Williams, Roger (Republican), Downing, Troy (Republican), Lucas, Frank D. (Republican), Fallon, Pat (Republican), Moore, Blake D. (Republican), McCormick, Richard (Republican), Wagner, Ann (Republican), Moore, Tim (Republican), Finstad, Brad (Republican), Timmons, William R. (Republican), Mills, Cory (Republican), Stutzman, Marlin A. (Republican), Houchin, Erin (Republican), Thompson, Glenn (Republican), Van Drew, Jefferson (Republican), Hurd, Jeff (Republican), McGuire, John J. (Republican), Fine, Randy (Republican), and Buchanan, Vern (Republican).
What is the current status of HR 137?
This bill is in committee in the House. Introduced January 03, 2025. It must pass committee before a floor vote.
Where can I track HR 137?
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