Bill Sponsor
House Bill 3300
116th Congress(2019-2020)
Economic Mobility Act of 2019
Introduced
Introduced
Introduced in House on Jun 18, 2019
Overview
Text
Introduced
Jun 18, 2019
Latest Action
Feb 4, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3300
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
Massachusetts
Democrat
New Jersey
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Economic Mobility Act of 2019

This bill modifies provisions relating to the earned income tax credit, the child tax credit, and the child and dependent care tax credit. Among other things, it increases the earned income tax credit in 2019 and 2020 for individuals with no qualifying children, makes the child tax credit fully refundable during the same period, increases the exclusion from employee gross income for employer-provided dependent care assistance, and provides for payments to U.S. possessions related to such credits.

The bill also eliminates the increase in unrelated business taxable income by expenses for certain fringe benefits for which a tax deduction is not allowed, including transportation and parking benefits or an on-premises athletic facility.

Text (2)
February 4, 2020
June 18, 2019
Actions (6)
02/04/2020
Placed on the Union Calendar, Calendar No. 307.
02/04/2020
Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-384.
06/20/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 19.
06/20/2019
Committee Consideration and Mark-up Session Held.
06/18/2019
Referred to the House Committee on Ways and Means.
06/18/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:51:05 PM