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H.R. 3300

Economic Mobility Act of 2019

Economic Mobility Act of 2019

This bill modifies provisions relating to the earned income tax credit, the child tax credit, and the child and dependent care tax credit. Among other things, it increases the earned income tax credit in 2019 and 2020 for individuals with no qualifying children, makes the child and dependent care tax credits fully refundable during the same period, increases the child tax credit for children under the age of 4, increases the exclusion from employee gross income for employer-provided dependent care assistance, and provides for payments to U.S. possessions related to such credits.

The bill also eliminates the increase in unrelated business taxable income by expenses for certain fringe benefits for which a tax deduction is not allowed, including transportation and parking benefits or an on-premises athletic facility.

Placed on the Union Calendar, Calendar No. 307.

Rep. Neal, Richard E. [D-MA-1](D-MA)Sponsor
2 cosponsors2 D
2cosponsors1committees8actions6related bills22subjects
  1. CalendarsH12410

    Placed on the Union Calendar, Calendar No. 307.

  2. CommitteeH12200

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-384.

    Ways and Means Committee
  3. Committee5000

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-384.

    Ways and Means Committee
  4. Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 19.

    Ways and Means Committee
  5. Committee

    Committee Consideration and Mark-up Session Held.

    Ways and Means Committee
  6. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  7. IntroReferralIntro-H

    Introduced in House

  8. IntroReferral1000

    Introduced in House

Feb 4, 20207

Economic Mobility Act of 2019

This bill modifies provisions relating to the earned income tax credit, the child tax credit, and the child and dependent care tax credit. Among other things, it increases the earned income tax credit in 2019 and 2020 for individuals with no qualifying children, makes the child and dependent care tax credits fully refundable during the same period, increases the child tax credit for children under the age of 4, increases the exclusion from employee gross income for employer-provided dependent care assistance, and provides for payments to U.S. possessions related to such credits.

The bill also eliminates the increase in unrelated business taxable income by expenses for certain fringe benefits for which a tax deduction is not allowed, including transportation and parking benefits or an on-premises athletic facility.

Jun 18, 2019

Economic Mobility Act of 2019

This bill modifies provisions relating to the earned income tax credit, the child tax credit, and the child and dependent care tax credit. Among other things, it increases the earned income tax credit in 2019 and 2020 for individuals with no qualifying children, makes the child tax credit fully refundable during the same period, increases the exclusion from employee gross income for employer-provided dependent care assistance, and provides for payments to U.S. possessions related to such credits.

The bill also eliminates the increase in unrelated business taxable income by expenses for certain fringe benefits for which a tax deduction is not allowed, including transportation and parking benefits or an on-premises athletic facility.

Economic Mobility Act of 2019 — Informed