EITC Age Parity Act of 2023

Bill: 118-hr-5689
Sponsor: full_name: Rep. Chu, Judy [D-CA-28]
Introduced: 2023-09-26
Policy area: Taxation
Latest action: action_date: 2023-09-26
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2023-09-26
action_desc: Introduced in House
text: <p> <strong>EITC Age Parity Act of 2023 </strong></p> <p>This bill modifies the age requirement for the earned income credit. Under current law, an individual taxpayer must have attained age 25, but not age 65, to claim the credit. This bill reduces the base year to age 18 and eliminates the age 65 cap on the credit.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 5689 IN THE HOUSE OF REPRESENTATIVES September 26, 2023 Ms. Chu (for herself, Ms. Moore of Wisconsin , Mr. Evans , Mr. Kildee , Mr. Higgins of New York , Mr. Gomez , Ms. Sewell , and Mrs. Watson Coleman ) 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 modify the age limitations on eligibility for the earned income tax credit.

1. Short title This Act may be cited as the EITC Age Parity Act of 2023 . 2. Modification of age limitations on eligibility for the earned income tax credit (a) In general Section 32(c)(1)(A)(ii)(II) of the Internal Revenue Code of 1986 is amended by striking has attained age 25 but not attained age 65 and inserting has attained age 18 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2023.