To amend the Internal Revenue Code of 1986 to expand the earned income and child tax credits, and for other purposes.
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 expand the earned income and child tax credits, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Education.
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 id86d3c20e62724b23916218de9ab83f70: 1. Short title This Act may be cited as the Working Families Tax Relief Act of 2023.
- Section id65568150f4c94b128636c53c29b455f3: 101. Permanent extension of earned income credit rules for individuals without qualifying children Subclause (II) of section 32(c)(1)(A)(ii) of the Internal...
- Section ida726e5481b3b41db960eeed6242f27b7: 102. Application of earned income credit to possessions of the United States Subparagraph (B) of section 7530(a)(1) of the Internal Revenue Code of 1986 is...
- Section id695bce7140584d3ea97d69590a2362f2: 103. Election to use prior year earned income Paragraph (2) of section 32(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following...
- Section id4e9d1261f2414ef4ab399d7c9a2f889f: 201. Permanent establishment of child tax credit with monthly advance payment Subsection (a) of section 24 of the Internal Revenue Code of 1986 is amended by...
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 expand the earned income and child tax credits, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Education
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to expand the earned income and child tax credits, and for other purposes., 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
Legislative Progress
IntroducedMr. Brown (for himself, Mr. Bennet, Mr. Booker, Mr. Warnock, …
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?
- "secretary_of_treasury"
- → Secretary of the Treasury
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.
Learn more about our methodology