HR 7700 · 117th Congress · Taxation

People’s Prosperity Act

Introduced 2022-05-10· Sponsored by Rep. Cherfilus-McCormick, Sheila [D-FL-20]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2022-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] People's Prosperity Ac t This bill allows individual taxpayers a 2022 refundable rebate amount equal to $1,000 ($2,000 for joint returns). The rebate amount is reduced if taxpayer modified adjusted gross income exceeds a certain threshold. To be eligible for the rebate, taxpayers must provide a Social Security account number on their tax returns. Rebate amounts are exempt from certain reductions or offsets, including garnishments.…

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