House Bill 7547 - Young Adult Tax Credit Act

Purpose and Summary

Chamber: House

Introduced date: 2024-03-05

Recent Activity

Referred to the House Committee on Ways and Means.

Alternative Names

Young Adult Tax Credit Act

To amend the Internal Revenue Code of 1986 to establish a refundable young adult tax credit with monthly advance payment.

Young Adult Tax Credit Act

Associated Legislation

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Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Rep. McGarvey, Morgan [D-KY-3]

Cosponsors and Supporters

Rep. Watson Coleman, Bonnie [D-NJ-12]

Rep. Carson, André [D-IN-7]

Rep. Landsman, Greg [D-OH-1]

Rep. Lee, Barbara [D-CA-12]

Del. Norton, Eleanor Holmes [D-DC-At Large]

Rep. Ramirez, Delia C. [D-IL-3]

Rep. Thanedar, Shri [D-MI-13]

Rep. Garcia, Robert [D-CA-42]

Rep. Casar, Greg [D-TX-35]

Rep. Tokuda, Jill N. [D-HI-2]

Rep. Amo, Gabe [D-RI-1]

Rep. Bush, Cori [D-MO-1]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

Young Adult Tax Credit Act

4/3/2024, 2:45 PM
Referred to the House Committee on Ways and Means.
Congress
118

Number
HR - 7547

Introduced on
2024-03-05

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

3/5/2024

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the House Committee on Ways and Means.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to establish a refundable young adult tax credit with monthly advance payment.

Policy Areas
Taxation

Comments

Recent Activity

Latest Action3/5/2024
Referred to the House Committee on Ways and Means.