US Congress Senate Bill 1012 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 42-2)
Status: Introduced on April 20 2015 - 25% progression, died in committee
Action: 2015-04-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Working Families Tax Relief Act of 2015 Amends the Internal Revenue Code, as amended by the American Recovery and Reinvestment Act of 2009, to: (1) make permanent the reduction in the income threshold (from $10,000 to $3,000) for determining the refundable portion of the child tax credit, (2) eliminate the inflation adjustment to such amount, and (3) allow an annual inflation adjustment after 2014 to the $1,000 maximum credit amount and the adjusted gross income threshold amounts used to reduce the allowable amount of such credit. Modifies the earned income tax credit to: (1) make permanent the increase in the rate of such credit for taxpayers with three or more children, (2) increase the credit for taxpayers with no qualifying children, (3) reduce from 25 to 21 the qualifying age for such credit, (4) revise eligibility rules relating to married individuals living apart and qualifying children claimed by another family member, and (5) repeal the denial of such credit for taxpayers with excess investment income.

Working Families Tax Relief Act of 2015

Sen. Sherrod Brown [D-OH]	Sen. Richard Durbin [D-IL]	Sen. Harry Reid [D-NV]	Sen. Charles Schumer [D-NY]
Sen. Patty Murray [D-WA]	Sen. Ron Wyden [D-OR]	Sen. Debbie Stabenow [D-MI]	Sen. Robert Casey [D-PA]
Sen. Thomas Carper [D-DE]	Sen. Maria Cantwell [D-WA]	Sen. Michael Bennet [D-CO]	Sen. Robert Menendez [D-NJ]
Sen. Benjamin Cardin [D-MD]	Sen. Bill Nelson [D-FL]	Sen. Mark Warner [D-VA]	Sen. Angus King [I-ME]
Sen. Jon Tester [D-MT]	Sen. Bernard Sanders [I-VT]	Sen. Cory Booker [D-NJ]	Sen. Amy Klobuchar [D-MN]
Sen. Gary Peters [D-MI]	Sen. Jeff Merkley [D-OR]	Sen. Edward Markey [D-MA]	Sen. Barbara Boxer [D-CA]
Sen. Elizabeth Warren [D-MA]	Sen. Sheldon Whitehouse [D-RI]	Sen. Christopher Coons [D-DE]	Sen. Al Franken [D-MN]
Sen. Kirsten Gillibrand [D-NY]	Sen. Jack Reed [D-RI]	Sen. Mazie Hirono [D-HI]	Sen. Brian Schatz [D-HI]
Sen. Richard Blumenthal [D-CT]	Sen. Tom Udall [D-NM]	Sen. Patrick Leahy [D-VT]	Sen. Jeanne Shaheen [D-NH]
Sen. Martin Heinrich [D-NM]	Sen. Christopher Murphy [D-CT]	Sen. Tammy Baldwin [D-WI]	Sen. Heidi Heitkamp [D-ND]
Sen. Barbara Mikulski [D-MD]	Sen. Tim Kaine [D-VA]	Sen. Dianne Feinstein [D-CA]	Sen. Claire McCaskill [D-MO]

Date	Chamber	Action
2015-04-20	Senate	Read twice and referred to the Committee on Finance.

SB1994 (Related) 2015-08-05 - Read twice and referred to the Committee on Finance.
SB2327 (Related) 2015-11-19 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/1012/all-info
Text	https://www.congress.gov/114/bills/s1012/BILLS-114s1012is.pdf