Title: Let States Cut Taxes Act
Policy area: Government Operations and Politics

Summary:
Let States Cut Taxes Act
This bill removes a prohibition on states and territories using COVID-19 relief funding under the American Rescue Plan Act of 2021 to offset a reduction in revenue resulting from a reduction in taxes or a delay in the imposition of a tax or tax increase.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3009 Placed on Calendar Senate (PCS)]

<DOC>





                                                       Calendar No. 150
117th CONGRESS
  1st Session
                                S. 3009

To amend title VI of the Social Security Act to remove the prohibition 
        on States and territories against lowering their taxes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 19, 2021

 Mr. Braun introduced the following bill; which was read the first time

                            October 20, 2021

            Read the second time and placed on the calendar

_______________________________________________________________________

                                 A BILL


 
To amend title VI of the Social Security Act to remove the prohibition 
        on States and territories against lowering their taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Let States Cut Taxes Act''.

SEC. 2. REMOVAL OF RESTRICTION OF USE OF CORONAVIRUS STATE FISCAL 
              RECOVERY FUNDS.

    (a) In General.--Paragraph (2) of section 602(c) of the Social 
Security Act (42 U.S.C. 802(c)) is amended to read as follows:
            ``(2) Further restriction on use of funds.--No State or 
        territory may use funds made available under this section for 
        deposit into any pension fund.''.
    (b) Conforming Amendments.--Section 602 of such Act (42 U.S.C. 802) 
is further amended--
            (1) in subsection (d)(2)(A), by striking ``, including, in 
        the case of a State or a territory, all modifications to the 
        State's or territory's tax revenue sources during the covered 
        period'';
            (2) in subsection (e), by striking ``such subsection,'' and 
        all that follows through the period and inserting ``such 
        subsection.''; and
            (3) in subsection (g)--
                    (A) by striking paragraph (1); and
                    (B) by redesignating paragraphs (2) through (7) as 
                paragraphs (1) through (6), respectively.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if enacted on March 12, 2021.
                                                       Calendar No. 150

117th CONGRESS

  1st Session

                                S. 3009

_______________________________________________________________________

                                 A BILL

To amend title VI of the Social Security Act to remove the prohibition 
        on States and territories against lowering their taxes.

_______________________________________________________________________

                            October 20, 2021

            Read the second time and placed on the calendar