Cost of Living Tax Cut Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 2
- Latest action
- Jun 8, 2026
What it does
The Cost of Living Tax Cut Act would amend the Internal Revenue Code to adjust individual income tax rate brackets based on regional differences in the cost of living, using multipliers applied to tax brackets according to where a taxpayer lives. It would affect individuals filing taxes starting in 2027, with adjustments determined annually by the Secretary of Commerce using cost-of-living data and prescribed by the Secretary of the Treasury. Tax brackets would be scaled up or down by a multiplier (ranging from 1.0 to as high as 1.125 in high-cost areas), but tax rates themselves would remain unchanged, with dollar amounts rounded to the nearest $50. The bill applies to all statistical…
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.