summary
Introduced
05/22/2018
05/22/2018
In Committee
05/22/2018
05/22/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Permanent Tax Relief for Working Families Act This bill amends the Internal Revenue Code to make permanent the modifications to the child tax credit that were included in P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act). (The provisions increased the amounts of the credit and created a nonrefundable credit for a taxpayer's dependents who are not qualifying children. Under current law, the provisions are scheduled to expire at the end of 2025.)
AI Summary
This bill makes permanent the modifications to the child tax credit that were included in the Tax Cuts and Jobs Act (P.L. 115-97). Specifically, it permanently increases the amount of the child tax credit to $2,000 per qualifying child and creates a $500 nonrefundable credit for each dependent who is not a qualifying child. The bill also permanently extends the increased income thresholds for claiming the credit and the refundable portion of the credit. These provisions were set to expire at the end of 2025 under current law, but this bill would make them permanent.
Committee Categories
Budget and Finance
Sponsors (15)
Jason Smith (R)*,
Andy Barr (R),
Mike Bishop (R),
Rod Blum (R),
Ted Budd (R),
John Culberson (R),
Carlos Curbelo (R),
Drew Ferguson (R),
Karen Handel (R),
Will Hurd (R),
Mia Love (R),
Brian Mast (R),
Scott Taylor (R),
Claudia Tenney (R),
David Valadao (R),
Last Action
Referred to the House Committee on Ways and Means. (on 05/22/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/5903/all-info |
| BillText | https://www.congress.gov/115/bills/hr5903/BILLS-115hr5903ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr5903/BILLS-115hr5903ih.pdf.pdf |
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