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BillHR 9031 · 119

Young Adult Tax Credit Act

Introduced
May 26, 2026
Cosponsors
5
Traction
0
Last Action
May 26, 2026

Bill Summary

Establishes a tax credit for young adults, providing financial assistance to this demographic. Requires the government to administer the credit through the tax system.

Sponsored By

Morgan McGarvey
Democrat · Kentucky · House

Bill Journey

  1. May 26, 2026
  3. May 26, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects young adults, providing them with a tax credit to help reduce their tax liability. The credit is likely to benefit low- to moderate-income young adults, helping to increase their disposable income.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Democratic1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Ways and Means
IntroducedMay 26, 2026
Last UpdatedMay 26, 2026
Latest ActionReferred to the House Committee on Ways and Means.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.