HR 7024 · 118th Congress · Taxation

Tax Relief for American Families and Workers Act of 2024

Introduced 2024-01-17· Sponsored by Rep. Smith, Jason [R-MO-8]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: 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

PassedHouse · 2024-01-31
Roll #30
Yea 357Nay 70
Democrats
188 Yea·23 Nay
Republicans
169 Yea·47 Nay
PassedHouse · 2024-01-31
Roll #30
Yea 357Nay 70
Democrats
188 Yea·23 Nay
Republicans
169 Yea·47 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] 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 Office

H.R. 7024, Tax Relief for American Families and Workers Act of 2024

Jan 25, 2024

As 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