PATCH Act

Bill: 115-hr-5672
Sponsor: full_name: Rep. Norman, Ralph [R-SC-5]
Introduced: 2018-05-01
Policy area: Taxation
Subjects: Charitable contributions

Income tax deductions

Income tax rates

Military personnel and dependents

Tax administration and collection, taxpayers

Tax treatment of families
Latest action: action_date: 2018-05-01
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2018-05-01
action_desc: Introduced in House
text: <p><b>Permanently Amending Tax Cuts for our Heroes Act of 2018 or the PATCH Act </b></p> <p>This bill amends the Internal Revenue Code to make permanent for members of the Armed Forces several tax provisions that are scheduled to expire at the end of 2025. </p> <p>For individuals who are members of the Armed Forces at the end of the taxable year, the bill makes permanent provisions that: </p> <ul> <li> reduce individual tax rates, </li> <li> increase the standard deduction, </li> <li> increase and modify the child tax credit, and</li> <li> increase the limit for deducting certain charitable contributions. </li> </ul>

tv_txt: I 115th CONGRESS 2d Session H. R. 5672 IN THE HOUSE OF REPRESENTATIVES May 1, 2018 Mr. Norman 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 certain temporary provisions permanent for members of the Armed Forces of the United States.

1. Short title This Act may be cited as the Permanently Amending Tax Cuts for our Heroes Act of 2018 or the PATCH Act . 2. Individual rates (a) In general Section 1(j) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (7) Modifications permanent for members of Armed Forces In the case of an individual who is a member of the Armed Forces of the United States at the end of the taxable year, paragraph (1) shall be applied without regard to the phrase , and before January 1, 2026 . . (b) Effective date The amendment made by this section shall take effect as if included in the enactment of Public Law 115–97 . 3. Standard deduction (a) In general Section 63(c)(7) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (C) Rules permanent for members of Armed Forces In the case of an individual who is a member of the Armed Forces of the United States at the end of the taxable year, this paragraph shall be applied without regard to the phrase , and before January 1, 2026 in the matter preceding subparagraph (A). . (b) Effective date The amendment made by this section shall take effect as if included in the enactment of Public Law 115–97 . 4. Child tax credit (a) In general Section 24(h) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (8) Rules permanent for members of Armed Forces In the case of an individual who is a member of the Armed Forces of the United States at the end of the taxable year, paragraph (1) shall be applied without regard to the phrase , and before January 1, 2026 . . (b) Effective date The amendment made by this section shall take effect as if included in the enactment of Public Law 115–97 . 5. Charitable contributions (a) In general Section 170(b)(1)(G) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause: (iv) Increase permanent for member of Armed Forces In the case of an individual who is a member of the Armed Forces of the United States at the end of the taxable year, this subparagraph shall be applied without regard to the phrase , and before January 1, 2026 in clause (i). . (b) Effective date The amendment made by this section shall take effect as if included in the enactment of Public Law 115–97 .