Legis Daily

Economic Mobility Act of 2019

USA116th CongressHR-3300| House 
| Updated: 2/4/2020
Richard E. Neal

Richard E. Neal

Democratic Representative

Massachusetts

Cosponsors (2)
Donald Norcross (Democratic)Michael F. Q. San Nicolas (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 and dependent care tax credits fully refundable during the same period, increases the child tax credit for children under the age of 4, 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.

Bill Text Versions

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2 versions available

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Timeline
Jun 18, 2019
Introduced in House
Jun 18, 2019
Referred to the House Committee on Ways and Means.
Jun 20, 2019
Committee Consideration and Mark-up Session Held.
Jun 20, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 19.
Feb 4, 2020
Placed on the Union Calendar, Calendar No. 307.
Feb 4, 2020
Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-384.
  • June 18, 2019
    Introduced in House


  • June 18, 2019
    Referred to the House Committee on Ways and Means.


  • June 20, 2019
    Committee Consideration and Mark-up Session Held.


  • June 20, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 19.


  • February 4, 2020
    Placed on the Union Calendar, Calendar No. 307.


  • February 4, 2020
    Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-384.

Taxation

Related Bills

  • HR 116-1545: To amend the Internal Revenue Code of 1986 to repeal the inclusion of certain fringe benefit expenses for which a deduction is disallowed in unrelated business taxable income.
  • S 116-632: LIFT for Charities Act
  • S 116-3883: A bill to amend the Internal Revenue Code of 1986 to make the earned income tax credit available to residents of possessions of the United States.
  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-3307: To amend the Internal Revenue Code of 1986 to provide for payments to possessions of the United States related to the application of the earned income tax credit in such possessions.
  • HR 116-1985: Family Savings for Kids and Seniors Act
Adult day careBusiness expensesCaribbean areaChild care and developmentCorporate finance and managementEmployee benefits and pensionsGuamIncome tax creditsIncome tax exclusionIncome tax ratesInflation and pricesNorthern Mariana IslandsPoverty and welfare assistancePuerto RicoSports and recreation facilitiesStudent aid and college costsTax-exempt organizationsTax treatment of familiesTransportation costsU.S. territories and protectoratesVirgin IslandsWages and earnings

Economic Mobility Act of 2019

USA116th CongressHR-3300| House 
| Updated: 2/4/2020
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 and dependent care tax credits fully refundable during the same period, increases the child tax credit for children under the age of 4, 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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 18, 2019
Introduced in House
Jun 18, 2019
Referred to the House Committee on Ways and Means.
Jun 20, 2019
Committee Consideration and Mark-up Session Held.
Jun 20, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 19.
Feb 4, 2020
Placed on the Union Calendar, Calendar No. 307.
Feb 4, 2020
Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-384.
  • June 18, 2019
    Introduced in House


  • June 18, 2019
    Referred to the House Committee on Ways and Means.


  • June 20, 2019
    Committee Consideration and Mark-up Session Held.


  • June 20, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 19.


  • February 4, 2020
    Placed on the Union Calendar, Calendar No. 307.


  • February 4, 2020
    Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-384.
Richard E. Neal

Richard E. Neal

Democratic Representative

Massachusetts

Cosponsors (2)
Donald Norcross (Democratic)Michael F. Q. San Nicolas (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • HR 116-1545: To amend the Internal Revenue Code of 1986 to repeal the inclusion of certain fringe benefit expenses for which a deduction is disallowed in unrelated business taxable income.
  • S 116-632: LIFT for Charities Act
  • S 116-3883: A bill to amend the Internal Revenue Code of 1986 to make the earned income tax credit available to residents of possessions of the United States.
  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-3307: To amend the Internal Revenue Code of 1986 to provide for payments to possessions of the United States related to the application of the earned income tax credit in such possessions.
  • HR 116-1985: Family Savings for Kids and Seniors Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Adult day careBusiness expensesCaribbean areaChild care and developmentCorporate finance and managementEmployee benefits and pensionsGuamIncome tax creditsIncome tax exclusionIncome tax ratesInflation and pricesNorthern Mariana IslandsPoverty and welfare assistancePuerto RicoSports and recreation facilitiesStudent aid and college costsTax-exempt organizationsTax treatment of familiesTransportation costsU.S. territories and protectoratesVirgin IslandsWages and earnings