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Senate committee approves resolution urging Congress to extend 2017 tax law provisions

Senate Revenue & Tax Committee · February 8, 2023
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Senate Revenue & Tax Committee approved a House Concurrent Resolution asking Congress to continue provisions of the Tax Cuts and Jobs Act of 2017 that are scheduled to expire; the measure passed by voice vote and will be sent to Congress.

An unidentified committee member introduced a House Concurrent Resolution (HCR) asking Congress to continue provisions of the Tax Cuts and Jobs Act of 2017 that are scheduled to expire, saying the resolution contains a number of "whereas" clauses and will be transmitted to Congress. "This is a house concurrent resolution ... just basically to urge Congress to continue the Tax Cut and Jobs Act of 2017," the presenter said.

The measure drew no questions from members and no public testimony. Committee leadership called for a motion, received a second and approved the resolution by voice vote. The chair recorded the vote as "aye" and announced the resolution had passed.

Why it matters: Although the resolution is nonbinding on Congress, it signals the state panel's policy preference to federal representatives and formalizes the committee's request that expiring provisions affecting individuals be extended. Committee records show it will be transmitted to congressional delegations as written.

The committee took no fiscal action tied to this resolution; staff did not report a state revenue impact. The resolution now moves to be forwarded outside the committee for transmittal to federal lawmakers.