I 
117TH CONGRESS 
2D SESSION 
H. R. 8913 
To amend the Internal Revenue Code of 1986 to make permanent certain 
provisions of the Tax Cuts and Jobs Act affecting individuals, families, 
and small businesses, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 20, 2022 
Mr. BUCHANAN (for himself, Mr. BRADY, Mr. BANKS, Mr. PERRY, and Mr. 
JOYCE of Ohio) introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to make 
permanent certain provisions of the Tax Cuts and Jobs 
Act affecting individuals, families, and small businesses, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE, ETC. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘TCJA Permanency Act’’. 
(b) AMENDMENT OF 1986 CODE.—Except as other-
wise expressly provided, whenever in this Act an amend-
ment or repeal is expressed in terms of an amendment 
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to, or repeal of, a section or other provision, the reference 
shall be considered to be made to a section or other provi-
sion of the Internal Revenue Code of 1986. 
(c) REFERENCES
TO
THE TAX CUTS
AND JOBS 
ACT.—Title I of Public Law 115–97 may be cited as the 
‘‘Tax Cuts and Jobs Act’’. 
(d) TABLE OF CONTENTS.—The table of contents of 
this Act is as follows: 
Sec. 1. Short title, etc. 
TITLE I—INDIVIDUAL REFORM MADE PERMANENT 
Subtitle A—Rate Reform 
Sec. 101. Modification of rates. 
Subtitle B—Deduction for Qualified Business Income of Pass-Thru Entities 
Sec. 111. Deduction for qualified business income. 
Sec. 112. Limitation on losses for taxpayers other than corporations. 
Subtitle C—Tax Benefits for Families and Individuals 
Sec. 121. Increase in standard deduction. 
Sec. 122. Increase in and modification of child tax credit. 
Sec. 123. Increased limitation for certain charitable contributions. 
Sec. 124. Increased contributions to ABLE accounts. 
Sec. 125. Rollovers to ABLE programs from 529 programs. 
Sec. 126. Treatment of certain individuals performing services in the Sinai Pe-
ninsula of Egypt. 
Subtitle D—Education 
Sec. 131. Treatment of student loan discharges. 
Sec. 132. 529 account funding for homeschool and additional elementary and 
secondary expenses. 
Subtitle E—Deductions and Exclusions 
Sec. 141. Repeal of deduction for personal exemptions. 
Sec. 142. Limitation on deduction for State and local, etc., taxes. 
Sec. 143. Limitation on deduction for qualified residence interest. 
Sec. 144. Modification of deduction for personal casualty losses. 
Sec. 145. Termination of miscellaneous itemized deductions. 
Sec. 146. Repeal of overall limitation on itemized deductions. 
Sec. 147. Termination of exclusion for qualified bicycle commuting reimburse-
ment. 
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Sec. 148. Qualified moving expense reimbursement exclusion limited to mem-
bers of Armed Forces. 
Sec. 149. Deduction for moving expenses limited to members of Armed Forces. 
Sec. 150. Limitation on wagering losses. 
Subtitle F—Increase in Estate and Gift Tax Exemption 
Sec. 151. Increase in estate and gift tax exemption. 
TITLE II—INCREASED EXEMPTION FOR ALTERNATIVE MINIMUM 
TAX MADE PERMANENT 
Sec. 201. Increased exemption for individuals. 
TITLE I—INDIVIDUAL REFORM 
MADE PERMANENT 
Subtitle A—Rate Reform 
SEC. 101. MODIFICATION OF RATES. 
(a) MARRIED INDIVIDUALS FILING JOINT RETURNS 
AND SURVIVING SPOUSES.—Section 1(a) is amended by 
striking the table contained therein and inserting the fol-
lowing: 
‘‘If taxable income is: 
The tax is: 
Not over $19,050 ......................................
10% of taxable income. 
Over $19,050 but not over $77,400 ..........
$1,905, plus 12% of the excess over 
$19,050. 
Over $77,400 but not over $165,000 ........
$8,907, plus 22% of the excess over 
$77,400. 
Over $165,000 but not over $315,000 ......
$28,179, plus 24% of the excess 
over $165,000. 
Over $315,000 but not over $400,000 ......
$64,179, plus 32% of the excess 
over $315,000. 
Over $400,000 but not over $600,000 ......
$91,379, plus 35% of the excess 
over $400,000. 
Over $600,000 ...........................................
$161,379, plus 37% of the excess 
over $600,000.’’. 
(b) HEADS
OF
HOUSEHOLDS.—Section 1(b) is 
amended by striking the table contained therein and in-
serting the following: 
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‘‘If taxable income is: 
The tax is: 
Not over $13,600 ......................................
10% of taxable income. 
Over $13,600 but not over $51,800 ..........
$1,360, plus 12% of the excess over 
$13,600. 
Over $51,800 but not over $82,500 ..........
$5,944, plus 22% of the excess over 
$51,800. 
Over $82,500 but not over $157,500 ........
$12,698, plus 24% of the excess 
over $82,500. 
Over $157,500 but not over $200,000 ......
$30,698, plus 32% of the excess 
over $157,500. 
Over $200,000 but not over $500,000 ......
$44,298, plus 35% of the excess 
over $200,000. 
Over $500,000 ...........................................
$149,298, plus 37% of the excess 
over $500,000.’’. 
(c) UNMARRIED INDIVIDUALS OTHER THAN SUR-
VIVING SPOUSES AND HEADS OF HOUSEHOLDS.—Section 
1(c) is amended by striking the table contained therein 
and inserting the following: 
‘‘If taxable income is: 
The tax is: 
Not over $9,525 ........................................
10% of taxable income. 
Over $9,525 but not over $38,700 ............
$952.50, plus 12% of the excess 
over $9,525. 
Over $38,700 but not over $82,500 ..........
$4,453.50, plus 22% of the excess 
over $38,700. 
Over $82,500 but not over $157,500 ........
$14,089.50, plus 24% of the excess 
over $82,500. 
Over $157,500 but not over $200,000 ......
$32,089.50, plus 32% of the excess 
over $157,500. 
Over $200,000 but not over $500,000 ......
$45,689.50, plus 35% of the excess 
over $200,000. 
Over $500,000 ...........................................
$150,689.50, plus 37% of the ex-
cess over $500,000.’’. 
(d) MARRIED INDIVIDUALS FILING SEPARATE RE-
TURNS.—Section 1(d) is amended by striking the table 
contained therein and inserting the following: 
‘‘If taxable income is: 
The tax is: 
Not over $9,525 ........................................
10% of taxable income. 
Over $9,525 but not over $38,700 ............
$952.50, plus 12% of the excess 
over $9,525. 
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‘‘If taxable income is: 
The tax is: 
Over $38,700 but not over $82,500 ..........
$4,453.50, plus 22% of the excess 
over $38,700. 
Over $82,500 but not over $157,500 ........
$14,089.50, plus 24% of the excess 
over $82,500. 
Over $157,500 but not over $200,000 ......
$32,089.50, plus 32% of the excess 
over $157,500. 
Over $200,000 but not over $300,000 ......
$45,689.50, plus 35% of the excess 
over $200,000. 
Over $300,000 ...........................................
$80,689.50, plus 37% of the excess 
over $300,000.’’. 
(e) ESTATES AND TRUSTS.—Section 1(e) is amended 
by striking the table contained therein and inserting the 
following: 
‘‘If taxable income is: 
The tax is: 
Not over $2,550 ........................................
10% of taxable income. 
Over $2,550 but not over $9,150 ..............
$255, plus 24% of the excess over 
$2,550. 
Over $9,150 but not over $12,500 ............
$1,839, plus 35% of the excess over 
$9,150. 
Over $12,500 .............................................
$3,011.50, plus 37% of the excess 
over $12,500.’’. 
(f) INFLATION
ADJUSTMENTS.—Section 1(f) is 
amended— 
(1) by amending paragraph (2)(A) to read as 
follows: 
‘‘(A) by increasing the minimum and max-
imum dollar amounts for each bracket for 
which a tax is imposed under such table by the 
cost-of-living adjustment for such calendar year, 
determined under this subsection for such cal-
endar year by substituting ‘2017’ for ‘2016’ in 
paragraph (3)(A)(ii),’’, 
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(2) by amending paragraph (7) to read as fol-
lows: 
‘‘(7) ROUNDING.— 
‘‘(A) IN GENERAL.—Except as provided in 
subparagraph (B), if any increase determined 
under paragraph (2)(A) is not a multiple of 
$25, such increase shall be rounded to the next 
lowest multiple of $25. 
‘‘(B) JOINT RETURNS, ETC.—In the case 
of a table prescribed under subsection (a), sub-
paragraph (A) shall be applied by substituting 
‘$50’ for ‘$25’ both places it appears.’’, 
(3) by striking paragraph (8), and 
(4) in the heading, by striking ‘‘PHASEOUT OF 
MARRIAGE PENALTY IN 15-PERCENT BRACKET; AD-
JUSTMENTS’’ and inserting ‘‘ADJUSTMENTS’’. 
(g) APPLICATION OF INCOME TAX BRACKETS TO 
CAPITAL GAINS BRACKETS.—Section 1(h) is amended— 
(1) in paragraph (1)(B)(i), by striking ‘‘25 per-
cent’’ and inserting ‘‘22 percent’’, 
(2) in paragraph (1)(C)(ii)(I), by striking 
‘‘which would (without regard to this paragraph) be 
taxed at a rate below 39.6 percent’’ and inserting 
‘‘below the maximum 15-percent rate amount’’, and 
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