HR 7547 — Young Adult Tax Credit Act
Last action — Referred to the House Committee on Ways and Means.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.
Summary
To amend the Internal Revenue Code of 1986 to establish a refundable young adult tax credit with monthly advance payment.
Bill Text
- Introduced Introduced in House Current html March 05, 2024
Compared against current U.S. Code AI-generated reading aid — verify against the official bill.
The bill establishes a refundable young adult tax credit and creates mechanisms for monthly advance payments to eligible taxpayers.
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31 U.S.C. § 1324
The payments under this subsection shall be treated in the same manner as a refund due from a credit provision referred to in subsection (b)(2) of such section.
This addition clarifies that payments made under the new young adult tax credit program are treated similarly to refunds from existing tax credit provisions.
Action History
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Introduced in House
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Introduced in House
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Referred to the House Committee on Ways and Means.
Sponsors
- Morgan McGarvey · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
- McGarvey, Morgan Democratic
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 7547 do?
- To amend the Internal Revenue Code of 1986 to establish a refundable young adult tax credit with monthly advance payment.
- Who sponsors HR 7547?
- HR 7547 is sponsored by McGarvey, Morgan (Democratic).
- What is the current status of HR 7547?
- This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 7547?
- Track HR 7547 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 2 months ago · updated continuously
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