HR 7547 · 118th Congress · Taxation

Young Adult Tax Credit Act

Introduced 2024-03-05· Sponsored by Rep. McGarvey, Morgan [D-KY-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2024-03-05)

Plain Language Summary

[AI summary unavailable — showing source text] Young Adult Tax Credit Act  This bill allows a refundable young adult tax credit and a monthly advance payment of such credit. The bill defines young adult as an individual who is at least age 18, but not yet 25, and is either a citizen, national, or resident of the United States. The amount of such credit is the sum of $500 for each taxpayer or taxpayer dependent who is a young adult in any calendar month.…

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

Cosponsors (13)

13 Democrats
Rep. Watson Coleman, Bonnie [D-NJ-12]NJ
Rep. Carson, André [D-IN-7]IN
Rep. Landsman, Greg [D-OH-1]OH
Rep. Lee, Barbara [D-CA-12]CA
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Ramirez, Delia C. [D-IL-3]IL
Rep. Thanedar, Shri [D-MI-13]MI
Rep. Garcia, Robert [D-CA-42]CA
Rep. Casar, Greg [D-TX-35]TX
Rep. Tokuda, Jill N. [D-HI-2]HI
Rep. Amo, Gabe [D-RI-1]RI
Rep. Bush, Cori [D-MO-1]MO
Rep. Tlaib, Rashida [D-MI-12]MI