Single Parent Penalty Elimination Act of 2024
Latest action · Aug 13, 2024 Referred to the House Committee on Ways and Means.
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.
- IntroducedAug 13, 2024
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Single Parent Penalty Elimination Act of 2024
This bill revises the child tax credit by increasing its allowable amount from $1,000 to $2,000. It also repeals income eligibility limits for such credit and makes the credit fully refundable.
As an offset to this bill's revenue effect, the corporate income tax rate is increased from 21% to 28%.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Aug 13, 2024 to Dec 9, 2024, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Ayanna Pressley | Original | Aug 13, 2024 |
| D-IL | Delia C. Ramirez | Original | Aug 13, 2024 |
| D-MI | Rashida Tlaib | Dec 9, 2024 |
Actions 2
Everything that happened, newest first.
- Aug 13, 2024Introduced in House
- Aug 13, 2024Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Aug 13, 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.