S.4060: Food and Fuel Family Savings Act

About This Bill

  • Introduced April 7, 2022
  • Latest Major Action April 7, 2022

Bill Sponsor

Bill Version

Bill Summary

Food and Fuel Family Savings Act This bill allows an individual taxpayer an inflation rebate for the first taxable year beginning in 2022. The amount of such rebate is $600 ($1,200 for joint returns), plus $600 for each of the taxpayer's dependents. The amount of the rebate is reduced for taxpayers whose adjusted gross income exceeds certain levels. The bill imposes a 5% surcharge on individuals whose modified adjusted gross income exceeds...

(Source: Library of Congress)

Bill Actions

Date Description
April 7, 2022
Read twice and referred to the Committee on Finance.
April 7, 2022
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2096)
April 7, 2022

Introduced in the Senate by Jack Reed (D-R.I.)

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