A bill to amend the Internal Revenue Code of 1986 to increase the earned income tax credit on the basis of family size, and for other purposes.
Family Earned Income Tax Credit Act - Amends Internal Revenue Code provisions governing the earned income tax credit to: (1) increase to $7,143 the amount of earned income subject to the credit; and (2) increase the credit percentage incrementally from 14 percent to 28 percent as the number of the taxpayer's qualifying dependents under age six increases from one to three or more.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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