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HR 7547 118th Congress House Taxation

Young Adult Tax Credit Act

Introduced: March 15, 2024 Introduced by: McGarvey, Morgan Democratic · Kentucky See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 2024
Referred to the House Committee on Ways and Means.
Mar 5, 2024
Introduced in House
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 Plain-English summary Congressional Research Service

Young Adult Tax Credit Act 

This bill allows a refundable young adult tax credit and a monthly advance payment of such credit. The bill defines young adult as an individual who is at least age 18, but not yet 25, and is either a citizen, national, or resident of the United States.

The amount of such credit is the sum of $500 for each taxpayer or taxpayer dependent who is a young adult in any calendar month.

What's happening now March 5, 2024

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 11
D
Tlaib, Rashida
Michigan · Apr 5, 2024
Bush, Cori
· Mar 15, 2024
 D
Amo, Gabe
Rhode Island · Mar 13, 2024
 D
Tokuda, Jill N.
Hawaii · Mar 12, 2024
 D
Casar, Greg
Texas · Mar 8, 2024
 D
Garcia, Robert
California · Mar 6, 2024
 D
Carson, André
Indiana · Mar 5, 2024
 D
Landsman, Greg
Ohio · Mar 5, 2024
Lee, Barbara
· Mar 5, 2024
 D
Norton, Eleanor Holmes
District of Columbia · Mar 5, 2024
 D
Ramirez, Delia C.
Illinois · Mar 5, 2024
 D
Thanedar, Shri
Michigan · Mar 5, 2024
 D
Watson Coleman, Bonnie
New Jersey · Mar 5, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7547: Young Adult Tax Credit Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-7547/
MLA
"H.R. 7547: Young Adult Tax Credit Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-7547/.
Bluebook (legal)
H.R. 7547, 118th Cong. (2026), https://openamerica.io/bill/118-HR-7547/.
Markdown link
[H.R. 7547: Young Adult Tax Credit Act](https://openamerica.io/bill/118-HR-7547/)
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