Final answer:
The sunset provision does not reinstate the law as it existed prior to the tax cut.
Step-by-step explanation:
The sunset provision reinstates the law as it existed prior to the tax cut. The statement is False.
A sunset provision is a clause in a law that specifies an expiration date or conditions for termination. It is used as a way to give laws temporary status, and it is not intended to reinstate previous laws.
For example, if a law includes a sunset provision stating that it will expire after five years, the law will cease to be in effect after that time unless it is renewed or extended by the legislature.