3.0.0 3590 2022-11-01T13:50:48Z 2022-11-01T13:50:48Z House HR 2019-06-27 116 [Congressional Record Volume 165, Number 109 (Thursday, June 27, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. TLAIB:H.R. 3590.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 3 of the UnitedStates Constitution[Page H5260]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-06-27T13:01:50Z 2019-06-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-06-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-06-27 Introduced in House IntroReferral 1000 9 Library of Congress T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 N C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2019-06-27 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2019-06-27 True D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2019-06-27 True G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2019-06-27 True H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2019-06-27 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2019-06-27 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2019-06-27 True L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2019-06-27 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2019-06-27 True O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2019-06-27 True P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2019-06-27 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2019-06-27 True R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2019-09-18 False Taxation Government information and archives Income tax credits Inflation and prices Poverty and welfare assistance Social work, volunteer service, charitable organizations Tax administration and collection, taxpayers Taxation 00 2019-06-27 Introduced in House 2019-07-17T13:05:22Z Building Our Opportunities to Survive and Thrive Act of 2019

This bill creates a new refundable tax credit of $3,000 for individual taxpayers subject to an income-based phaseout and an inflation adjustment to the credit amount after 2019. It also provides for advance payments of credit amounts to taxpayers on a monthly basis and allows a disregard of credit amounts for purposes of determining eligibility for federal or state assistance programs.

The bill directs the Internal Revenue Service to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide tax return preparation assistance to low-income taxpayers.

The bill expresses the sense of the House of Representatives that the cost of this bill should be fully offset by (1) the repeal of the Tax Cuts and Jobs Act (except for provisions of that Act that provide relief to taxpayers with annual incomes of less than $100,000), and (2) a fee on financial institutions with consolidated assets of more than $50 billion.

]]> Building Our Opportunities to Survive and Thrive Act of 2019 Display Title Building Our Opportunities to Survive and Thrive Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to establish a refundable tax credit to increase the take-home pay of American workers and enhance their financial stability, and for other purposes. Introduced in House IH Short Title(s) as Introduced Building Our Opportunities to Survive and Thrive Act of 2019 Introduced in House IH Introduced in House 2019-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3590ih/xml/BILLS-116hr3590ih.xml 2019-06-27 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.