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HR 4693 114th Congress House Taxation Income tax credits Tax treatment of families

Young Child Tax Credit Act

Introduced: March 3, 2016 Introduced by: DeLauro, Rosa L. Democratic · Connecticut See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2016
Referred to the House Committee on Ways and Means.
Mar 3, 2016
Introduced in House
 Plain-English summary Congressional Research Service

Young Child Tax Credit Act

This bill amends the Internal Revenue Code to allow individual taxpayers a new refundable tax credit based on the number of their qualifying children under the age of three and the taxpayer's adjusted gross income. Advance payments of credit amounts shall be made to taxpayers each month.

What's happening now March 3, 2016

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1