Overview
The Tax Cuts and Jobs Act (H.R. 1) was enacted in December 2017 as the major first-term tax reform statute. It revised individual and corporate rate structures and created Opportunity Zones. The official bill text and actions are preserved on Congress.gov.
Full article
The Tax Cuts and Jobs Act (Public Law via H.R. 1, 115th Congress) is the signature first-term tax reform package signed into law on December 22, 2017. It reshaped federal income tax brackets, the standard deduction, the corporate tax rate, and related business provisions that remain part of the public statutory record.
Congress.gov publishes the enrolled bill text, actions, cosponsors, and related committee materials for H.R. 1. Readers should treat that legislative record—not secondary commentary—as the authoritative description of what Congress passed and the President signed.
Among the Act’s widely cited structural features are the temporary individual rate schedule changes of that Congress, the permanent reduction of the corporate income tax rate, expensing and international tax revisions, and the Opportunity Zones incentive for investment in designated low-income communities.
Key points
- Enacted December 22, 2017 (H.R. 1, 115th Congress).
- Official bill record hosted on Congress.gov with full text and actions.
- Included Opportunity Zones as a community investment incentive under the Act.
- Changed individual and corporate tax provisions as set out in the enrolled statute.
- Primary source for legal text is the Congressional / GPO record, not media summaries.
Official record
Congress.gov bill page for H.R. 1 (115th Congress) is the canonical legislative source linked from this policy entry.
Source attribution: View original official record