HR 4161
115th Congress
House
Taxation
Income tax credits
Intergovernmental relations
Public contracts and procurement
State and local finance
Return on Investment Accountability Act
Introduced: October 27, 2017
Introduced by:
Gottheimer, Josh
Democratic
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 27, 2017
Referred to the House Committee on Ways and Means.
Oct 27, 2017
Introduced in House
Plain-English summary
Return on Investment Accountability Act
This bill amends the Internal Revenue Code to allow a refundable tax credit for eligible individuals who reside in states in which the federal tax burden of the state exceeds the federal outlays received by the state.
An "eligible individual" is an individual who is: (1) the taxpayer, the spouse of the taxpayer, or a dependent of the taxpayer; (2) a citizen of the United States or lawfully present in the United States; and (3) a resident of the state for more than half of the year. The term does not include an estate, trust, or an individual for whom another taxpayer is allowed a deduction for a personal exemption.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1