House bill HR7400-118

Ways and Means Committee

Inflation Relief Act

• Last activity on Feb 15, 2024

• Introduced Feb 15, 2024

• By Rep. Vasquez, Gabe [D-NM-2]

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Main Subject: Taxation

Inflation Relief Act

This bill allows a refundable income tax credit for 10% of federal tax liability for a taxable year beginning in 2024. The credit is not available to taxpayers whose modified adjusted gross income exceeds $150,000 ($250,000 for joint tax returns) in any taxable year.

House floor actions Actions

IntroReferral
Feb. 15 2024	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Feb. 15 2024	Introduced in House Introduced in House

House bill HR7400-118

Inflation Relief Act

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