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- S.1840
S.1840: Middle Class Tax Break Act of 2017
About This Bill
- Introduced Sept. 19, 2017
- Latest Major Action Sept. 19, 2017
Bill Sponsor
Bill Version
- Introduced in Senate - Sept. 19, 2017
Bill Summary
Middle Class Tax Break Act of 2017 This bill amends the Internal Revenue Code to allow a working America tax credit equal to the lesser of: (1) 6.2% of the earned income of the taxpayer, or (2) $500 ($1,000 in the case of a joint return or a head of a household). Individuals whose modified adjusted gross income does not exceed $100,000 ($200,000 in the case of a joint return or a head of a household) are eligible for the credit. The...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 19, 2017 |
Read twice and referred to the Committee on Finance.
|
| Sept. 19, 2017 |
Introduced in the Senate by Margaret Hassan (D-N.H.) |