HR 3757 115th Congress House

GAIN Act

Official title: To amend the Internal Revenue Code of 1986 to modify the earned income tax credit to account for the amount by which economic growth has outpaced income growth, and for other purposes.

Introduced: September 13, 2017 Introduced by: Khanna, Ro Democratic · California See on congress.gov

Taxation Income tax creditsPoverty and welfare assistanceWages and earnings

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 13, 2017

Referred to the House Committee on Ways and Means.

Sep 13, 2017

Introduced in House

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Latest action September 13, 2017

Referred to the House Committee on Ways and Means.

Plain-English summary Congressional Research Service

Grow American Incomes Now Act of 2017 or the GAIN Act

This bill amends the Internal Revenue Code, with respect to the earned income tax credit (EITC), to: (1) increase specified credit and phaseout percentages, (2) increase the earned income amounts and the phaseout amounts, (3) decrease from 25 to 21 the minimum eligibility age for individuals without qualifying children, and (4) allow employees to elect to receive advance payments of the EITC from employers when wages are paid.

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Bill text 1 version