Bill118th CongressFiled Mar 5, 2024Taxation
H.R. 7547
Young Adult Tax Credit Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (Mar 5, 2024)
Young Adult Tax Credit Act
This bill allows a refundable young adult tax credit and a monthly advance payment of such credit. The bill defines young adult as an individual who is at least age 18, but not yet 25, and is either a citizen, national, or resident of the United States.
The amount of such credit is the sum of $500 for each taxpayer or taxpayer dependent who is a young adult in any calendar month.
What just happenedMar 5, 2024
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. McGarvey, Morgan [D-KY-3](D-KY)Sponsor
13 cosponsors13 D
13cosponsors1committees3actions
- Introduced in HouseMar 5, 2024
- Mar 5, 2024IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 5, 2024IntroReferralIntro-H
Introduced in House
- Mar 5, 2024IntroReferral1000
Introduced in House