EITC Age Parity Act of 2023

Hozzl · 2023-12-15T16:02:31Z

Explore the details of House Bill 5689 EITC Age Parity Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:02 PM

Congressional Summary of HR 5689

EITC Age Parity Act of 2023

This bill modifies the age requirement for the earned income credit. Under current law, an individual taxpayer must have attained age 25, but not age 65, to claim the credit. This bill reduces the base year to age 18 and eliminates the age 65 cap on the credit.

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Current Status of Bill HR 5689

Bill HR 5689 is currently in the status of Bill Introduced since September 26, 2023. Bill HR 5689 was introduced during Congress 118 and was introduced to the House on September 26, 2023. Bill HR 5689's most recent activity was Referred to the House Committee on Ways and Means. as of September 26, 2023

Bipartisan Support of Bill HR 5689

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

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Policy Area and Potential Impact of Bill HR 5689

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5689

EITC Age Parity Act of 2023EITC Age Parity Act of 2023To amend the Internal Revenue Code of 1986 to modify the age limitations on eligibility for the earned income tax credit.

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