H.R. 3590 · 116th Congress
Building Our Opportunities to Survive and Thrive Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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TlaibSponsor13 cosponsors · 13 D
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Cohen
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Cicilline
DD
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Dingell
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García
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Hastings
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Jackson Lee
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Jayapal
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Lee
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Norton
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Ocasio-Cortez
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Pocan
AP
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Pressley
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Raskin12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill creates a new refundable tax credit of $3,000 for individual taxpayers subject to an income-based phaseout and an inflation adjustment to the credit amount after 2019.
What it does: CRS summary · Introduced in House · Jun 27, 2019
Building Our Opportunities to Survive and Thrive Act of 2019
This bill creates a new refundable tax credit of $3,000 for individual taxpayers subject to an income-based phaseout and an inflation adjustment to the credit amount after 2019. It also provides for advance payments of credit amounts to taxpayers on a monthly basis and allows a disregard of credit amounts for purposes of determining eligibility for federal or state assistance programs.
The bill directs the Internal Revenue Service to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide tax return preparation assistance to low-income taxpayers.
The bill expresses the sense of the House of Representatives that the cost of this bill should be fully offset by (1) the repeal of the Tax Cuts and Jobs Act (except for provisions of that Act that provide relief to taxpayers with annual incomes of less than $100,000), and (2) a fee on financial institutions with consolidated assets of more than $50 billion.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Building Our Opportunities to Survive and Thrive Act of 2019
Latest action (Jun 27, 2019): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jun 27, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.