3.0.0 4161 2023-01-11T13:38:21Z 2023-01-11T13:38:21Z House HR 2017-10-27 115 [Congressional Record Volume 163, Number 174 (Friday, October 27, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GOTTHEIMER:H.R. 4161.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution of theUnited States.[Page H8274]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-10-27T14:00:06Z 2017-10-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-10-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-10-27 Introduced in House IntroReferral 1000 9 Library of Congress G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 N L000567 Rep. Lance, Leonard [R-NJ-7] Leonard Lance R NJ 7 2017-10-27 True Taxation Income tax credits Intergovernmental relations Public contracts and procurement State and local finance Taxation 00 2017-10-27 Introduced in House 2018-04-30T16:14:45Z Return on Investment Accountability Act

This bill amends the Internal Revenue Code to allow a refundable tax credit for eligible individuals who reside in states in which the federal tax burden of the state exceeds the federal outlays received by the state.

An "eligible individual" is an individual who is: (1) the taxpayer, the spouse of the taxpayer, or a dependent of the taxpayer; (2) a citizen of the United States or lawfully present in the United States; and (3) a resident of the state for more than half of the year. The term does not include an estate, trust, or an individual for whom another taxpayer is allowed a deduction for a personal exemption.

]]> Return on Investment Accountability Act Display Title Return on Investment Accountability Act Short Titles as Introduced Return on Investment Accountability Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for payments to residents of States for which the Federal tax burden exceeds the Federal outlays received. Introduced in House 2017-10-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4161ih/xml/BILLS-115hr4161ih.xml 2017-10-27 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.