Young Adult Tax Credit Act

Hozzl · 2026-06-05T15:43:15Z

Explore the details of House Bill 9031 Young Adult Tax Credit Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

6/5/2026, 3:43 PM

Summary of Bill HR 9031

H.R. 9031, introduced in the 119th Congress on May 26, 2026, aims to amend the Internal Revenue Code of 1986 to create a refundable young adult tax credit with monthly advance payment.

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Current Status of Bill HR 9031

Bill HR 9031 is currently in the status of Bill Introduced since May 26, 2026. Bill HR 9031 was introduced during Congress 119 and was introduced to the House on May 26, 2026. Bill HR 9031's most recent activity was Referred to the House Committee on Ways and Means. as of May 26, 2026

Bipartisan Support of Bill HR 9031

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 9031

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 9031

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

Comments

Mikayla Crabtree

902

1 month ago

I am so excited about this new bill! It will provide tax credits for young adults who are just starting out in their careers and may need a little extra help financially. This will not only benefit them, but also stimulate the economy by encouraging spending and investment. I can't wait to see the positive impact this will have on our country. Do you know if there are any income restrictions for eligibility under this bill?