118th Congress Taxation
H.R. 7400: Inflation Relief Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
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Amendments
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Other bills by Gabriel (Gabe) Vasquez
History
- Introduced in the House by Gabriel (Gabe) Vasquez.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.