3.0.0 5296 2022-10-28T01:46:06Z 2022-10-28T01:46:06Z House HR 2019-12-04 116 [Congressional Record Volume 165, Number 193 (Wednesday, December 4, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ALLRED:H.R. 5296.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests isthe power given to Congress under Article 1, Section 8 of theUnited States Constitution.[Page H9256]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-12-04T15:00:20Z Advancing Support for Working Families Act 116 2976 S 2019-12-04 Read twice and referred to the Committee on Finance. Identical bill CRS 2019-12-04 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-12-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-12-04 Introduced in House IntroReferral 1000 9 Library of Congress A000376 Rep. Allred, Colin Z. [D-TX-32] Colin Allred D TX Z. 32 N S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2019-12-04 True C001122 Rep. Cunningham, Joe [D-SC-1] Joe Cunningham D SC 1 2019-12-04 True H001056 Rep. Herrera Beutler, Jaime [R-WA-3] Jaime Herrera Beutler R WA 3 2019-12-04 True V000133 Rep. Van Drew, Jefferson [D-NJ-2] Jefferson Van Drew D NJ 2 2019-12-04 True G000588 Rep. Gonzalez, Anthony [R-OH-16] Anthony Gonzalez R OH 16 2019-12-04 True G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2019-12-04 True S001213 Rep. Steil, Bryan [R-WI-1] Bryan Steil R WI 1 2019-12-04 True S001195 Rep. Smith, Jason [R-MO-8] Jason Smith R MO 8 2020-02-11 False M001159 Rep. McMorris Rodgers, Cathy [R-WA-5] Cathy Rodgers R WA McMorris 5 2020-02-11 False B001308 Rep. Brindisi, Anthony [D-NY-22] Anthony Brindisi D NY 22 2020-02-12 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2020-10-30 False Taxation Administrative law and regulatory procedures Adoption and foster care Congressional oversight Department of the Treasury Family relationships Fraud offenses and financial crimes Government studies and investigations Income tax credits Income tax deferral Poverty and welfare assistance Tax administration and collection, taxpayers Tax treatment of families Taxation 00 2019-12-04 Introduced in House 2019-12-18T16:19:19Z Advancing Support for Working Families Act

This bill allows individual taxpayers an election to advance up to $5,000 of the child tax credit in the year of birth or adoption of an applicable qualifying child (a child, other than an eligible foster child, who has a specified relationship to the taxpayer and meets certain age, residency, and support requirements).

The bill sets forth a special rule for parents who do not qualify for the full refundable portion of the child tax credit. The advance amount for such parents is the lesser of $5,000, or 25% of their earned income amount for the taxable year.

The bill requires the Government Accountability Office to report to Congress on matters relating to taxpayers who make an election to advance the child tax credit.

]]> Advancing Support for Working Families Act Display Title Advancing Support for Working Families Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide an election to advance future child tax credits in the year of birth or adoption. Introduced in House IH Short Title(s) as Introduced Advancing Support for Working Families Act Introduced in House IH Introduced in House 2019-12-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5296ih/xml/BILLS-116hr5296ih.xml 2019-12-04 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.