Tax Relief for American Families and Workers Act of 2024
Latest action · Aug 1, 2024 Motion by Senator Schumer to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 230) made in Senate.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 17, 2024
- Passed HouseJan 31, 2024
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Tax Relief for American Families and Workers Act of 2024
TITLE I--TAX RELIEF FOR WORKING FAMILIES
This title modifies the calculation of the refundable portion of the child tax credit to require the multiplication of the credit amount in calendar years 2023-2025 by the number of qualifying children. The maximum refundable amount per child of such credit is increased to $1,800 in 2023, $1,900 in 2024, and $2,000 in 2025, with an inflation adjustment beginning after 2023.
The title allows taxpayers to elect in 2024 and 2025 to use prior year earned income in calculating their earned income tax credit
TITLE II--AMERICAN INNOVATION AND GROWTH
This title allows taxpayers to delay the date on which they must begin deducting their domestic research or experimental research costs over a five-year period until 2026. Taxpayers may therefore expense such costs incurred between 2022-2026.
The title extends the allowance for depreciation, amortization, or depletion in determining the limitation of the business interest deduction. It also extends 100% bonus depreciation and increases the limitations on expensing of depreciable business assets.
TITLE III--INCREASING GLOBAL COMPETITIVENESS
Subtitle A--United States-Taiwan Expedited Double-Tax Relief Act
United States-Taiwan Expedited Double-Tax Relief Act
This subtitle sets forth special rules for the taxation of certain residents of Taiwan, including rules for the reduction of withholding taxes, the application of permanent establishment rules, the treatment of income from employment, and the determination of Taiwanese residency, including rules for dual residents.
Subtitle B--United States-Taiwan Tax Agreement Authorization Act
United States-Taiwan Tax Agreement Authorization Act
This subtitle grants the President authority to negotiate and enter into a U.S.-Taiwan tax agreement after the tax provisions of this title are enacted and effective.
TITLE IV--ASSISTANCE FOR DISASTER-IMPACTED COMMUNITIES
Federal Disaster Tax Relief Act of 2024
This title excludes from gross income, for income tax purposes, compensation for losses or damages due to certain wildfires. It applies only to payments received by a taxpayer after 2019 and before 2026.
The title also excludes payment for compensation for losses or damages from the derailment of a train in East Palestine, Ohio, on February 3, 2023.
TITLE V--MORE AFFORDABLE HOUSING
This title increases the low-income housing tax credit ceiling to 12.5% for calendar years 2023-2025. It also lowers the bond-financing threshold to 30% for projects financed by bonds issued before 2026.
TITLE VI--TAX ADMINISTRATION AND ELIMINATING FRAUD
This title increases the threshold for reporting income earned by an independent contractor from $600 to $1,000, with an adjustment to the increased amount for inflation.
The title increases penalties for aiding and abetting the understatement of tax liability with respect to the COVID-related employee retention tax credit.
Recorded votes 2
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| Senate 230 | On Cloture on the Motion to Proceed H.R. 7024 | Cloture on the Motion to Proceed Rejected48–44 | Aug 1, 2024 |
| House 30 | On Motion to Suspend the Rules and Pass, as Amended | Passed357–70 | Jan 31, 2024 |
Cosponsors
Members who signed on, in the order they did.
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jan 17, 2024Markup Jan 19, 2024Reported Jan 24, 2024 |
| House | Rules Committee | Referred Jan 17, 2024Discharged Jan 24, 2024 |
Actions 25
Everything that happened, newest first.
- Aug 1, 2024Motion to proceed to measure considered in Senate. (CR S5723)
- Aug 1, 2024Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 48 - 44. Record Vote Number: 230. (CR S5749)
- Aug 1, 2024Motion by Senator Schumer to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 230) made in Senate.
- Jul 29, 2024Motion to proceed to consideration of measure made in Senate. (CR S5541)
- Jul 29, 2024Cloture motion on the motion to proceed to the measure presented in Senate. (CR S5541)
In the Congressional Record 16
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S5720–S5724, S5746–S5749Amendments S5793Motions S5749Cloture motions S5749Recorded votes S5749cloture motion on motion to proceed | Amy Klobuchar D-MN (cloture motion), Benjamin L. Cardin D-MD (cloture motion), Catherine Cortez Masto D-NV (cloture motion), Charles E. Schumer D-NY (cloture motion, motion), Chuck Grassley R-IA, Cory A. Booker D-NJ (cloture motion), Debbie Stabenow D-MI (cloture motion), Gary C. Peters D-MI (cloture motion), Jack Reed D-RI (cloture motion), Jeanne Shaheen D-NH (cloture motion), Margaret Wood Hassan D-NH (cloture motion), Mike Crapo R-ID, Mitch McConnell R-KY, Raphael G. Warnock D-GA, Richard J. Durbin D-IL (cloture motion), Robert P. Casey Jr. D-PA (cloture motion), Ron Wyden D-OR (cloture motion), Sheldon Whitehouse D-RI (cloture motion), Tammy Baldwin D-WI (cloture motion), Tammy Duckworth D-IL (cloture motion), Thomas R. Carper D-DE (amendment), Tina Smith D-MN (cloture motion) | Aug 1, 2024 |
| Senate | Debate and remarks S5638, S5640–S5647Amendments S5713 | Alex Padilla D-CA, Charles E. Schumer D-NY, Jeanne Shaheen D-NH (amendment), John Cornyn R-TX, Margaret Wood Hassan D-NH, Maria Cantwell D-WA, Michael F. Bennet D-CO, Robert P. Casey Jr. D-PA, Ron Wyden D-OR, Sheldon Whitehouse D-RI, Sherrod Brown D-OH | Jul 31, 2024 |
| Senate | Debate and remarks S5560Amendments S5605, S5606 | Charles E. Schumer D-NY, Joe Manchin III D-WV (amendment) | Jul 30, 2024 |
| Senate | Debate and remarks S5541, S5542Motions S5541Cloture motions S5541 | Amy Klobuchar D-MN (cloture motion), Benjamin L. Cardin D-MD (cloture motion), Catherine Cortez Masto D-NV (cloture motion), Charles E. Schumer D-NY (cloture motion, motion), Cory A. Booker D-NJ (cloture motion), Debbie Stabenow D-MI (cloture motion), Gary C. Peters D-MI (cloture motion), Jack Reed D-RI (cloture motion), Jeanne Shaheen D-NH (cloture motion), Margaret Wood Hassan D-NH (cloture motion), Richard J. Durbin D-IL (cloture motion), Robert P. Casey Jr. D-PA (cloture motion), Ron Wyden D-OR (cloture motion), Sheldon Whitehouse D-RI (cloture motion), Tammy Baldwin D-WI (cloture motion), Tammy Duckworth D-IL (cloture motion), Tina Smith D-MN (cloture motion) | Jul 29, 2024 |
| Senate | Debate and remarks S2728 | Ron Wyden D-OR | Apr 15, 2024 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Jan 25, 2024H.R. 7024, Tax Relief for American Families and Workers Act of 2024As reported by the House Committee on Ways and Means on January 23, 2024
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 170, no. 9, January 17, 2024, page H189.
Printed hearings 4
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| — | THE SUCCESS OF PRO-GROWTH PRO-WORKER TAX POLICY IN THE AMERICAN MIDWEST185 pages | Ways and Means Committee | Aug 16, 2024 |
| S. Hrg. 118-782 | THE PRESIDENT'S FISCAL YEAR 2025 IRS BUDGET AND THE IRS 2024 FILING SEASON150 pages | Finance Committee | Apr 16, 2024 |
| S. Hrg. 118-555 | CHALLENGES IN PRESERVING THE U.S. HOUSING STOCK87 pages | Banking, Housing, and Urban Affairs Committee | Apr 16, 2024 |
| S. Hrg. 118-766 | AMERICAN MADE: GROWING U.S. MANUFACTURING THROUGH THE TAX CODE141 pages | Finance Committee | Mar 12, 2024 |
CRS reports 9
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
About this bill 2
Products that name it in their title: its number, its law number or one of its short titles.
| Product | Title | Kind | Published |
|---|---|---|---|
| IF12572 | Business Tax Provisions in the Tax Relief for American Families and Workers Act of 2024 | Resource | Feb 13, 2024 |
| IN12306 | How Would the Child Credit Be Calculated for 2023 Under H.R. 7024? Archived | Insight | Feb 1, 2024 |
Also cite it 7
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R48650 | Suspension of the Rules: House Practice in the 118th Congress (2023-2024) | Report | Aug 27, 2025 |
| R48286 | Expiring Provisions of P.L. 115-97 (the Tax Cuts and Jobs Act): Economic Issues | Report | Mar 3, 2025 |
| IF12820 | Selected Issues in Tax Policy: The Child Tax Credit | Resource | Nov 19, 2024 |
| IF12815 | How the “Tax Cuts and Jobs Act” (TCJA, P.L. 115-97) Changed Cost Recovery and the Tax Credit for Research | Resource | Nov 12, 2024 |
| IF11809 | Trends and Proposals for Corporate Tax Revenue | Resource | May 8, 2024 |
Amendments 4
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| SA 3198 | No description on file | Joe Manchin III D-WV | Senate amendment submitted |
| SA 3200 | No description on file | Joe Manchin III D-WV | Senate amendment submitted |
| SA 3214 | No description on file | Jeanne Shaheen D-NH | Senate amendment submitted |
| SA 3216 | No description on file | Thomas R. Carper D-DE | Senate amendment submitted |
Related bills 12
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1270 | To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes. | Related bill | Mar 1, 2023 |
| S 2609 | Small Business Growth Act | Related bill | Jul 27, 2023 |
| S 3084 | United States-Taiwan Expedited Double-Tax Relief Act | Related bill | Nov 7, 2023 |
| HR 3661 | Small Business Growth Act | Related bill | May 25, 2023 |
| S 3678 | Federal Disaster Tax Relief Act of 2024 | Related bill | Jan 25, 2024 |
Titles 17
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes.
- Short Title(s) as Introduced
- Tax Relief for American Families and Workers Act of 2024
- Short Title(s) as Reported to House
- Tax Relief for American Families and Workers Act of 2024
- Short Title(s) as Passed House
- Tax Relief for American Families and Workers Act of 2024
- Short Title(s) as Introduced for portions of this bill
- Federal Disaster Tax Relief Act of 2024
- United States-Taiwan Tax Agreement Authorization Act
- United States-Taiwan Expedited Double-Tax Relief Act
- Short Title(s) as Reported to House for portions of this bill
- United States-Taiwan Tax Agreement Authorization Act
- United States-Taiwan Expedited Double-Tax Relief Act
- Federal Disaster Tax Relief Act of 2024
- Short Title(s) as Passed House for portions of this bill
- Federal Disaster Tax Relief Act of 2024
- United States-Taiwan Tax Agreement Authorization Act
- United States-Taiwan Expedited Double-Tax Relief Act
- Short Titles for portions of this bill from PCS (Placed on Senate Calendar) bill text
- United States-Taiwan Expedited Double-Tax Relief Act
- Federal Disaster Tax Relief Act of 2024
- United States-Taiwan Tax Agreement Authorization Act
- Short Title(s) from PCS (Placed on Senate Calendar) bill text
- Tax Relief for American Families and Workers Act of 2024
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Accidents
- Administrative law and regulatory procedures
- Asia
- Congressional oversight
- Department of the Treasury
- Fires
- Hazardous wastes and toxic substances
- Immigration status and procedures
- Income tax rates
- Low- and moderate-income housing
- Natural disasters
- Ohio
- Property tax
- Railroads
- Taiwan
- Tax treatment of families
- Taxation
- Taxation of foreign income
Text 4
Each version as it was printed, newest first.
- Mar 21, 2024Placed on Calendar Senate
- Jan 31, 2024Engrossed in House
- Jan 23, 2024Reported in House
- Jan 17, 2024Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
