3.0.0 7400 2024-07-24T15:19:08Z 2024-07-24T15:19:08Z House H HR 2024-02-15 118 [Congressional Record Volume 170, Number 30 (Thursday, February 15, 2024)][House][Pages H680-H681]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. VASQUEZ:H.R. 7400.[[Page H681]]Congress has the power to enact this legislation pursuantto the following:Article 1, section 8, Clauses 1 and 18 of the United StatesConstitution, to provide for the general welfare and make alllaws necessary and proper to carry out the powers of theCongress.The single subject of this legislation is:Tax Credit]]> hswm00 Ways and Means Committee House Standing Referred to 2024-02-15T15:01:30Z 2024-02-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2024-02-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2024-02-15 Introduced in House IntroReferral 1000 9 Library of Congress V000136 Rep. Vasquez, Gabe [D-NM-2] Gabe Vasquez D NM 2 N Taxation Taxation 2024-03-05T15:00:30Z 00 2024-02-15 Introduced in House 2024-03-05T22:14:43Z Inflation Relief Act

This bill allows a refundable income tax credit for 10% of federal tax liability for a taxable year beginning in 2024. The credit is not available to taxpayers whose modified adjusted gross income exceeds $150,000 ($250,000 for joint tax returns) in any taxable year.

]]> Inflation Relief Act Display Title 45 Inflation Relief Act 2024-07-24T15:19:08Z Short Title(s) as Introduced 101 Inflation Relief Act 2024-05-24T13:34:07Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to provide individuals a refundable credit for a portion of Federal income tax liability for 2024. 2024-03-18T22:18:00Z Introduced in House IH Introduced in House 2024-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr7400ih/xml/BILLS-118hr7400ih.xml 2024-02-15 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.