H.R. 2002, Let States Cut Taxes Act
Summary
H.R. 2002, the Let States Cut Taxes Act, was introduced in the House of Representatives on March 18, 2021, by Bishop of North Carolina and other members and referred to the Committee on Oversight and Reform. It amends the Social Security Act to remove the restriction on the use of funds under the Coronavirus State Fiscal Recovery Fund to offset reductions in State or territory tax revenues. Paragraph (2) of the Social Security Act section 602, as added by section 9901 of the American Rescue Plan Act of 2021, is replaced with a bar on a State or territory using the funds for deposit into any pension fund. Conforming amendments follow.
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- Bills Bills 117Hr2002Ih Bills 117Hr2002Ih
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- Bills Bills 117Hr2002Ih Bills 117Hr2002Ih
Cite this document
“H.R. 2002, Let States Cut Taxes Act.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-117hr2002ih-bills-117hr2002ih/
, SHA-256 f22c0c688e96b0185951d6173469945ed28c37cbb5414526fc45a3bd8d759a73.Full text
I
117TH CONGRESS
1ST SESSION
H. R. 2002
To amend the Social Security Act to remove the restriction on the use
of funds under the Coronavirus State Fiscal Recovery Fund to offset
reductions in State or territory tax revenues.
IN THE HOUSE OF REPRESENTATIVES
MARCH 18, 2021
Mr. BISHOP of North Carolina (for himself, Mr. PERRY, Mrs. HINSON, Mr.
FULCHER, Mr. WEBSTER of Florida, Mr. ROSENDALE, Mrs. BOEBERT,
Mr. WEBER of Texas, Mr. STEWART, Mr. WALBERG, Mr. CRAWFORD,
Mr. HARRIS, Mr. DUNCAN, Ms. TENNEY, Mrs. GREENE of Georgia, Mr.
MEUSER, Mr. GOOD of Virginia, Mr. BIGGS, Ms. HERRELL, Mr. JOHN-
SON of South Dakota, Mrs. STEEL, Mr. C. SCOTT FRANKLIN of Florida,
Mr. CLOUD, Mr. OWENS, Mr. GOODEN of Texas, Ms. FOXX, Mr.
GIMENEZ, Mr. LAMALFA, Mr. HICE of Georgia, Mr. WILLIAMS of Texas,
Mr. FEENSTRA, Mr. GUEST, Mr. CAWTHORN, and Mr. MOORE of Utah)
introduced the following bill; which was referred to the Committee on
Oversight and Reform
A BILL
To amend the Social Security Act to remove the restriction
on the use of funds under the Coronavirus State Fiscal
Recovery Fund to offset reductions in State or territory
tax revenues.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
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1 SECTION 1. SHORT TITLE.
2 This Act may be cited as the ‘‘Let States Cut Taxes
3 Act’’.
4 SEC. 2. REMOVAL OF RESTRICTION ON USE OF FUNDS
5 UNDER CORONAVIRUS STATE FISCAL RECOV-
6 ERY FUND.
7 (a) REMOVAL OF RESTRICTION.—Paragraph (2) of
8 subsection (c) of section 602 of the Social Security Act,
9 as added by section 9901 of the American Rescue Plan
10 Act of 2021 (Public Law 117–2), is amended to read as
11 follows:
12 ‘‘(2) FURTHER RESTRICTION ON USE OF
13 FUNDS.—No State or territory may use funds made
14 available under this section for deposit into any pen-
15 sion fund.’’.
16 (b) CONFORMING AMENDMENTS.—Such section is
17 further amended—
18 (1) in subsection (d)(2)(A), by striking ‘‘, in-
19 cluding, in the case of a State or a territory, all
20 modification to the State’s or territory’s tax revenue
21 sources during the covered period’’;
22 (2) in subsection (e), by striking ‘‘such sub-
23 section,’’ and all that follows through the period and
24 inserting ‘‘such subsection.’’; and
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25 (3) in subsection (g)—
26 (A) by striking paragraph (1); and
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1 (B) by redesignating paragraphs (2)
2 through (7) as paragraphs (1) through (6), re-
3 spectively.
Æ
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