US Congress House Bill 5296 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 10-4)
Status: Introduced on December 4 2019 - 25% progression, died in committee
Action: 2019-12-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Allows individual taxpayers an election to advance up to $5,000 of the child tax credit in the year of birth or adoption of an applicable qualifying child (a child, other than an eligible foster child, who has a specified relationship to the taxpayer and meets certain age, residency, and support requirements). The bill sets forth a special rule for parents who do not qualify for the full refundable portion of the child tax credit. The advance amount for such parents is the lesser of $5,000, or 25% of their earned income amount for the taxable year. The bill requires the Government Accountability Office to report to Congress on matters relating to taxpayers who make an election to advance the child tax credit.

Advancing Support for Working Families Act

Rep. Colin Allred [D-TX]	Rep. Elise Stefanik [R-NY]	Rep. Joe Cunningham [D-SC]	Rep. Jaime Herrera Beutler [R-WA]
Rep. Jeff Van Drew [R-NJ]	Rep. Anthony Gonzalez [R-OH]	Rep. Josh Gottheimer [D-NJ]	Rep. Bryan Steil [R-WI]
Rep. Jason Smith [R-MO]	Rep. Jason Smith [R-MO]	Rep. Cathy McMorris Rodgers [R-WA]	Rep. Cathy McMorris Rodgers [R-WA]
Rep. Anthony Brindisi [D-NY]	Rep. Joe Wilson [R-SC]

Date	Chamber	Action
2019-12-04	House	Referred to the House Committee on Ways and Means.
2019-12-04	House	Introduced in House

SB2976 (Same As) 2019-12-04 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/5296/all-info
Text	https://www.congress.gov/116/bills/hr5296/BILLS-116hr5296ih.pdf