House bill HR9354-118

Ways and Means Committee

Single Parent Penalty Elimination Act of 2024

• Last activity on Aug 13, 2024

• Introduced Aug 13, 2024

• By Rep. Porter, Katie [D-CA-47]

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Single Parent Penalty Elimination Act of 2024

This bill revises the child tax credit by increasing its allowable amount from $1,000 to $2,000. It also repeals income eligibility limits for such credit and makes the credit fully refundable.

As an offset to this bill's revenue effect, the corporate income tax rate is increased from 21% to 28%.

House floor actions Actions

IntroReferral
Aug. 13 2024	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Aug. 13 2024	Introduced in House Introduced in House

House bill HR9354-118

Single Parent Penalty Elimination Act of 2024

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