H.R. 2802

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to provide individuals a refundable credit for a portion of Federal income tax liability for 2025.

IN THE HOUSE OF REPRESENTATIVES · April 9, 2025 · Sponsor: Mr. Vasquez · Committee: Committee on Ways and Means

Table of contents

• H.R. 2802
  • Sec. 36C. Credit for portion of individual Federal income tax liability for 2025.

Sec. 36C. Credit for portion of individual Federal income tax liability for 2025.

• (a) In general
  • In the case of an individual, there shall be allowed as a credit against the tax imposed by this subtitle for any taxable beginning after December 31, 2024, and before January 1, 2026, an amount equal to 10 percent of the taxpayer’s Federal income tax liability for such taxable year.
• (b) Limitation based on modified adjusted gross income
  • Subsection (a) shall not apply to any taxpayer for any taxable year if the taxpayer’s modified adjusted gross income (as defined in section 36(b)(2)(B)) exceeds $100,000 ($200,000 in the case of a joint return).
• (c) Federal income tax liability
  • For purposes of this section, the term means the excess (if any) of— Federal income tax liability
    • the sum of the amounts described in paragraphs (1) and (2) of section 26(a), over
    • the sum of the credits allowed under subpart A of this part.