The Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act, Public Law 115-97 (H.R. 1), enacted 2017-12-22. What the text says, its status by provision, and sources.
Public Law 115-97, enacted December 22, 2017 as H.R. 1 and commonly called the Tax Cuts and Jobs Act, amended the Internal Revenue Code. As enacted it set the corporate tax rate at 21 percent for tax years beginning after 2017, limited the individual deduction for state and local taxes to $10,000 for 2018 through 2025, and set the payment for not maintaining health coverage to $0 from 2019. A later law changed the state and local tax limit. Economic effects, who was affected and why people disagree are marked as not yet researched where that is so. No person has signed off on this record.