LIFT Act

Hozzl · 2024-03-12T21:27:24Z

Explore the details of Senate Bill 2148 LIFT Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Environmental Protection. Stay informed on legislative developments.

3/12/2024, 9:27 PM

Summary of Bill S 2148

The LIFT Act, also known as Bill 118 s 2148, is a piece of legislation introduced in the US Congress. The purpose of this bill is to provide tax relief for working and middle-class families by expanding tax credits and deductions.

One of the key provisions of the LIFT Act is the expansion of the Earned Income Tax Credit (EITC) for low-income workers. This credit provides a financial boost to individuals and families who are working but earning low wages. The bill also aims to increase the Child Tax Credit, which provides financial assistance to families with children.

Additionally, the LIFT Act includes provisions to make the Child and Dependent Care Tax Credit more generous, helping families cover the costs of child care. The bill also seeks to simplify the tax filing process for individuals and families by making it easier to claim these credits and deductions. Overall, the LIFT Act is designed to provide much-needed tax relief to working and middle-class families, helping them keep more of their hard-earned money. The bill has garnered bipartisan support in Congress and is currently under consideration for passage.

Congressional Summary of S 2148

Local Infrastructure Funding & Technical Assistance Act or the LIFT Act

This bill authorizes the Department of Commerce to provide grants under the Public Works and Economic Development Act of 1965 for predevelopment projects—measures required to be completed before construction of resilient climate infrastructure occurs—and related technical assistance. Grants may be provided to economic development districts, states, Indian tribes, local governments, institutions of higher education, individuals, and other organizations as specified by the bill.

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Current Status of Bill S 2148

Bill S 2148 is currently in the status of Bill Introduced since June 22, 2023. Bill S 2148 was introduced during Congress 118 and was introduced to the Senate on June 22, 2023. Bill S 2148's most recent activity was Read twice and referred to the Committee on Environment and Public Works. as of June 22, 2023

Bipartisan Support of Bill S 2148

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2148

Primary Policy Focus

Environmental Protection

Alternate Title(s) of Bill S 2148

LIFT Act

Local Infrastructure Funding & Technical Assistance Act

A bill to promote long-term economic recovery and job creation in environmental justice communities by providing for investment in catalytic local predevelopment projects for resilient climate infrastructure innovation, to provide assistance to support State and local project development, and for other purposes.