To amend the Internal Revenue Code of 1986 to repeal the upper age limit on eligibility for the earned income tax credit.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to repeal the upper age limit on eligibility for the earned income tax credit., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HFB15A37BD8AE40059628E84F96F2E407: 1. Short title This Act may be cited as the EITC for Older Workers Act of 2024.
- Section HBACE98766B5446FA904520A5A3746DD8: 2. Repeal of upper age limit on eligibility for earned income tax credit Subclause (II) of section 32(c)(1)(A)(ii) of the Internal Revenue Code of 1986 is...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to repeal the upper age limit on eligibility for the earned income tax credit., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Labor
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to repeal the upper age limit on eligibility for the earned income tax credit., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Mike Carey
R-OH | Primary Sponsor
Legislative Progress
IntroducedMr. Carey (for himself and Mr. Davis of Illinois) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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