HR 9354
118th Congress
House
Taxation
Single Parent Penalty Elimination Act of 2024
Introduced: August 13, 2024
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 13, 2024
Referred to the House Committee on Ways and Means.
Aug 13, 2024
Introduced in House
Plain-English summary
Single Parent Penalty Elimination Act of 2024
This bill revises the child tax credit by increasing its allowable amount from $1,000 to $2,000. It also repeals income eligibility limits for such credit and makes the credit fully refundable.
As an offset to this bill's revenue effect, the corporate income tax rate is increased from 21% to 28%.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1