HR 7400
118th Congress
House
Taxation
Inflation Relief Act
Introduced: February 15, 2024
Introduced by:
Vasquez, Gabe
Democratic
· New Mexico
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 15, 2024
Referred to the House Committee on Ways and Means.
Feb 15, 2024
Introduced in House
Plain-English summary
Inflation Relief Act
This bill allows a refundable income tax credit for 10% of federal tax liability for a taxable year beginning in 2024. The credit is not available to taxpayers whose modified adjusted gross income exceeds $150,000 ($250,000 for joint tax returns) in any taxable year.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1