S 3451
114th Congress
Senate
Taxation
Income tax credits
Tax treatment of families
Young Child Tax Credit Act
Introduced: September 28, 2016
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2016
Read twice and referred to the Committee on Finance.
Sep 28, 2016
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1