US HB4728 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on October 17 2019 - 25% progression, died in committee
Action: 2019-10-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 17 2019 - 25% progression, died in committee
Action: 2019-10-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to treat certain income as earned income for purposes of the taxation of the unearned income of certain children (i.e., the kiddie tax). Such income includes (1) distributions from qualified disability trusts, (2) certain military survivor benefits, (3) certain first responder survivor benefits, (4) certain Indian tribal payments, (5) certain scholarships or fellowship grants, (6) Alaska permanent fund dividends, and (7) Social Security benefits. Treating such income as earned income allows it to be taxed at lower rates.
Title
Youth Tax Fairness Act of 2019
Sponsors
Rep. Gwen Moore [D-WI] | Rep. Ron Estes [R-KS] | Rep. Gil Cisneros [D-CA] | Rep. Don Young [R-AK] |
Rep. Jimmy Panetta [D-CA] | Rep. Tom Cole [R-OK] | Rep. Daniel Kildee [D-MI] | Rep. Ken Calvert [R-CA] |
Rep. Sharice Davids [D-KS] | Rep. Greg Steube [R-FL] | Rep. Debra Haaland [D-NM] |
History
Date | Chamber | Action |
---|---|---|
2019-10-17 | House | Referred to the House Committee on Ways and Means. |
2019-10-17 | House | Introduced in House |
Same As/Similar To
HB2810 (Related) 2019-05-16 - Referred to the House Committee on Ways and Means.
Subjects
Alaska
Disability and paralysis
Federal-Indian relations
Fires
First responders and emergency personnel
Higher education
Income tax rates
Interest, dividends, interest rates
Law enforcement officers
Military personnel and dependents
Social security and elderly assistance
Student aid and college costs
Tax treatment of families
Taxation
Veterans' pensions and compensation
Wages and earnings
Disability and paralysis
Federal-Indian relations
Fires
First responders and emergency personnel
Higher education
Income tax rates
Interest, dividends, interest rates
Law enforcement officers
Military personnel and dependents
Social security and elderly assistance
Student aid and college costs
Tax treatment of families
Taxation
Veterans' pensions and compensation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/4728/all-info |
Text | https://www.congress.gov/116/bills/hr4728/BILLS-116hr4728ih.pdf |