Pipeline · Bill → Law
Step 1
Introduced
Mar 5, 2024
Step 2
Referred
Mar 5, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
Mar 5, 2024
Introduced in House
Mar 5, 2024
Referred to the House Committee on Ways and Means.