H.R. 7700 · 117th Congress
People’s Prosperity Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
Cherfilus-McCormickSponsorNo cosponsors.
This bill allows individual taxpayers a 2022 refundable rebate amount equal to $1,000 ($2,000 for joint returns). The rebate amount is reduced if taxpayer modified adjusted gross income exceeds a certain threshold.
What it does: CRS summary · Introduced in House · May 10, 2022
People's Prosperity Act
This bill allows individual taxpayers a 2022 refundable rebate amount equal to $1,000 ($2,000 for joint returns). The rebate amount is reduced if taxpayer modified adjusted gross income exceeds a certain threshold.
To be eligible for the rebate, taxpayers must provide a Social Security account number on their tax returns. Rebate amounts are exempt from certain reductions or offsets, including garnishments.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: People’s Prosperity Act
Latest action (May 10, 2022): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 10, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.