HB4520: Reignite Hope Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Internal Revenue Code of 1986 to establish a credit for hired critical employees and to make permanent certain expiring provisions relating to the child tax credit.
Plain-language summary
The Reignite Hope Act of 2023 would create a tax credit for businesses that hire workers in critical jobs and make permanent certain tax breaks for families with children. A tax credit reduces the taxes a business owes dollar-for-dollar. The bill would also keep child tax credit provisions from expiring when they are currently scheduled to end. The bill was introduced in Congress and is currently awaiting review.
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HB4520: Reignite Hope Act of 2023
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Sponsors
John James
Primary SponsorCo-sponsors (3)
Lori Chavez-DeRemer
Juan Ciscomani
Michael Lawler