Bill118th CongressFiled Feb 15, 2024Taxation
H.R. 7400
Inflation Relief Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Feb 15, 2024)
Inflation Relief Act
This bill allows a refundable income tax credit for 10% of federal tax liability for a taxable year beginning in 2024. The credit is not available to taxpayers whose modified adjusted gross income exceeds $150,000 ($250,000 for joint tax returns) in any taxable year.
What just happenedFeb 15, 2024
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Vasquez, Gabe [D-NM-2](D-NM)Sponsor
1committees3actions
- Introduced in HouseFeb 15, 2024
- Feb 15, 2024IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 15, 2024IntroReferralIntro-H
Introduced in House
- Feb 15, 2024IntroReferral1000
Introduced in House