HR 7024 · 118th Congress · Taxation
Tax Relief for American Families and Workers Act of 2024
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Motion by Senator Schumer to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 230) made in Senate.(2024-08-01)
Recorded Votes
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Plain Language Summary
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Tax Relief for American Families and Workers Act of 2024 This bill increases and modifies child tax credit provisions, increases depreciation allowances to promote economic innovation and growth, provides special rules for the taxation of residents of Taiwan with income from U.S. sources, increases tax relief provisions for losses due to natural disasters and wildfires, and increases the low-income housing tax credit.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 7024, Tax Relief for American Families and Workers Act of 2024
Jan 25, 2024As reported by the House Committee on Ways and Means on January 23, 2024
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office