7547 -- Young Adult Tax Credit Act | Poliscope

Young Adult Tax Credit Act

7547

118th Congress

Taxation

In Committee

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

March 5, 2024

Latest Action

March 5, 2024

Primary Sponsor

Morgan McGarveyDemocratic(KY)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 10,564 other HR bills in the 118th — cohort avg 68d

Summary

Young Adult Tax Credit Act This bill allows a refundable young adult tax credit and a monthly advance payment of such credit. The bill defines young adult as an individual who is at least age 18, but not yet 25, and is either a citizen, national, or resident of the United States. The amount of such credit is the sum of $500 for each taxpayer or taxpayer dependent who is a young adult in any calendar month.

Lobbying filings that explicitly cite this bill (4)

These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.

Filing registrants (1)

CENTER FOR LAW AND SOCIAL POLICY (CLASP) (4)

CENTER FOR LAW AND SOCIAL POLICY (CLASP)client→CENTER FOR LAW AND SOCIAL POLICY (CLASP)

2024 · fourth_quarter · Taxation/Internal Revenue Code

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Cited source text, amounts, lobbyists, and targets

Child Tax Credit- in favor of expansion through the Tax Relief for American Families and Workers Act (H.R. 7024), Young Adult Tax Credit Act (H.R. 7547)

Client expense: Not reported · Firm income: Not reported

H.R. 7547

RRICHA DECANT