US SB836 | 2013-2014 | 113th Congress

Status

Spectrum: Partisan Bill (Democrat 37-0)
Status: Introduced on April 25 2013 - 25% progression, died in committee
Action: 2013-04-25 - 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 2013 - Amends the Internal Revenue Code, as amended by the American Recovery and Reinvestment Act of 2009, to: (1) make permanent the reduction in the income threshold (from $10,000 to $3,000) for determining the refundable portion of the child tax credit, (2) eliminate the inflation adjustment to such amount, and (3) allow an annual inflation adjustment after 2012 to the $1,000 maximum credit amount and the adjusted gross income threshold amounts used to reduce the allowable amount of such credit. Modifies the earned income tax credit to: (1) make permanent the increase in the rate of such credit for taxpayers with three or more children, (2) increase the credit for taxpayers with no qualifying children, (3) reduce from 25 to 21 the qualifying age for such credit, (4) revise eligibility rules relating to married individuals living apart and qualifying children claimed by another family member, and (5) repeal the denial of such credit for taxpayers with excess investment income.

Tracking Information

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Title

Working Families Tax Relief Act of 2013

Sponsors


History

DateChamberAction
2013-04-25SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2116 (Related) 2013-05-22 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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