EITC Lookback Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2898 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2898 To amend the Internal Revenue Code of 1986 to establish a permanent lookback provision with respect to the Earned Income Credit. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 10, 2025 Mrs. Sykes introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish a permanent lookback provision with respect to the Earned Income Credit. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``EITC Lookback Act''. SEC. 2. EARNED INCOME CREDIT LOOKBACK. (a) In General.--Section 32 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(o) Lookback.--If the earned income of the taxpayer for the taxable year is less than the earned income of the taxpayer for…