HR 5316 · 110th Congress · Taxation

Universal Economic Stimulus Act of 2008

Introduced 2008-02-07· Sponsored by Rep. Walz, Timothy J. [D-MN-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2008-02-07)

Plain Language Summary

[AI summary unavailable — showing source text] Universal Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to allow social security or veterans benefits recipients with earned income less than $3,000 a $300 refundable tax credit ($600 for married couples filing a joint tax return) in 2008. Reduces the amount of such credit by 5% of the amount by which the taxpayer's adjusted gross income exceeds $75,000.…

Summarized by Claude AI · Non-partisan · For informational purposes only