Bill117th CongressFiled May 10, 2022Taxation
H.R. 7700
People’s Prosperity Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 10, 2022)
People's Prosperity Act
This bill allows individual taxpayers a 2022 refundable rebate amount equal to $1,000 ($2,000 for joint returns). The rebate amount is reduced if taxpayer modified adjusted gross income exceeds a certain threshold.
To be eligible for the rebate, taxpayers must provide a Social Security account number on their tax returns. Rebate amounts are exempt from certain reductions or offsets, including garnishments.
What just happenedMay 10, 2022
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Cherfilus-McCormick, Sheila [D-FL-20](D-FL)Sponsor
1committees3actions4related bills
- Introduced in HouseMay 10, 2022
- May 10, 2022IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 10, 2022IntroReferralIntro-H
Introduced in House
- May 10, 2022IntroReferral1000
Introduced in House