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Economic Mobility Act of 2019

Introduced: June 18, 2019 Introduced by: Neal, Richard E. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 2020
Placed on the Union Calendar, Calendar No. 307.
Feb 4, 2020
Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-384.
Jun 20, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 19.
Jun 20, 2019
Committee Consideration and Mark-up Session Held.
Jun 18, 2019
Referred to the House Committee on Ways and Means.
Jun 18, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Economic Mobility Act of 2019

This bill modifies provisions relating to the earned income tax credit, the child tax credit, and the child and dependent care tax credit. Among other things, it increases the earned income tax credit in 2019 and 2020 for individuals with no qualifying children, makes the child and dependent care tax credits fully refundable during the same period, increases the child tax credit for children under the age of 4, increases the exclusion from employee gross income for employer-provided dependent care assistance, and provides for payments to U.S. possessions related to such credits.

The bill also eliminates the increase in unrelated business taxable income by expenses for certain fringe benefits for which a tax deduction is not allowed, including transportation and parking benefits or an on-premises athletic facility.

What's happening now February 4, 2020

Placed on the Union Calendar, Calendar No. 307.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1