US SB1371 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 43-2)
Status: Introduced on June 15 2017 - 25% progression, died in committee
Action: 2017-06-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 15 2017 - 25% progression, died in committee
Action: 2017-06-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Working Families Tax Relief Act of 2017 This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to: (1) increase the credit and reduce the phaseout percentage for taxpayers with no qualifying children, (2) reduce from 25 to 21 the qualifying age for individuals with no children, (3) revise eligibility rules relating to married individuals living apart and qualifying children claimed by another family member, and (4) repeal the denial of such credit for taxpayers with excess investment income. This bill modifies the child tax credit to: (1) increase the amount of the credit and the portion of the credit that is refundable for taxpayers with children under the age of six, and (2) require the dollar amounts of the credit to be adjusted for inflation after 2017.
Title
Working Families Tax Relief Act of 2017
Sponsors
History
Date | Chamber | Action |
---|---|---|
2017-06-15 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Family relationships
Financial services and investments
Income tax credits
Inflation and prices
Marriage and family status
Poverty and welfare assistance
Tax treatment of families
Taxation
Wages and earnings
Financial services and investments
Income tax credits
Inflation and prices
Marriage and family status
Poverty and welfare assistance
Tax treatment of families
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/1371/all-info |
Text | https://www.congress.gov/115/bills/s1371/BILLS-115s1371is.pdf |