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]

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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Youth Tax Fairness Act of 2019

Sponsors


History

DateChamberAction
2019-10-17HouseReferred to the House Committee on Ways and Means.
2019-10-17HouseIntroduced in House

Same As/Similar To

HB2810 (Related) 2019-05-16 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

feedback