Single Parent Penalty Elimination Act of 2024

Summary

Single Parent Penalty Elimination Act of 2024 This bill revises the child tax credit by increasing its allowable amount from $1,000 to $2,000. It also repeals income eligibility limits for such credit and makes the credit fully refundable.  As an offset to this bill's revenue effect, the corporate income tax rate is increased from 21% to 28%. 

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Timeline

1. 13 August 2024

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 13 August 2024

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 August 2024

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 August 2024 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 August 2024

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 August 2024

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 13 August 2024

  Open at official source

Sponsors

• Katie Porter · D · Sponsor
• Rep. Pressley, Ayanna [D-MA-7] · D · Sponsor
• Rep. Ramirez, Delia C. [D-IL-3] · D · Sponsor
• Rep. Tlaib, Rashida [D-MI-12] · D · Cosponsor
• · hswm00 · Standing

Related records

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