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HR8921 Referred to committee

Freedom from Taxes Act of 2026

Bill Text

Version IH
This Act may be cited as the Freedom from Taxes Act of 2026.
Section 5811(a)(1) of the Internal Revenue Code of 1986 is amended by striking $200 and inserting $0.
Section 5821(a)(1) of such Code is amended by striking $200 and inserting $0.
Section 4182(a) of such Code is amended by striking section 5811(a)(2) and inserting section 5811(a).
Section 5801 of such Code is amended by adding at the end the following new subsection:
The tax imposed by this section shall not apply with respect to any year that begins after the date on which this subsection takes effect.
The changes made by this section shall take effect on the first day of the first calendar quarter that begins after 90 days after the date of the enactment of this Act.

Legislative Timeline

4 actions
  1. May 20, 2026
    Introduced in House
  2. May 20, 2026
    Sponsor introductory remarks on measure. (CR H3664)
  3. May 20, 2026
    Introduced in House
  4. May 20, 2026 House
    Referred to the House Committee on Ways and Means.
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