Amendment · S.Amdt. 2501· Senate(119-SAMDT-2501)

S.Amdt. 2501

Age: 63 years

Kentucky

Introduced: 6/29/2025
Sponsored by: Rand Paul
Cosponsors: None

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

This amendment was submitted by Mr. Paul. Its purpose is to change section 70104 of the bill by striking subsections (c) and (d) and replacing them with new provisions.

Here is what the amendment aims to change or add:

It adds an Inflation Adjustment for taxable years beginning after 2025, which adjusts the $2,200 amount using a cost-of-living calculation based on substituting 2024 for 2016.
It includes a Rounding rule where any increase that is not a multiple of $100 gets rounded to the next lowest multiple of $100.
It brings about the Elimination of Refundable Credit by striking subsection (d) and making specific conforming amendments to other sections.