HR 9354 · 118th Congress · Taxation
Single Parent Penalty Elimination Act of 2024
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2024-08-13)
Plain Language Summary
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Single Parent Penalty Elimination Act of 2024 This bill revises the child tax credit by increasing its allowable amount from $1,000 to $2,000. It also repeals income eligibility limits for such credit and makes the credit fully refundable. As an offset to this bill's revenue effect, the corporate income tax rate is increased from 21% to 28%. …
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Democrats