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Tax Credits for Critical Employees and Permanent Child Tax Credit Changes.

This act introduces new tax credits for specific professional groups, such as healthcare and emergency service workers, employed in designated zones. Additionally, it permanently alters the rules for the child tax credit, increasing its amount and expanding eligibility for families, potentially impacting household finances.
Key points
New tax credit of $3,500 for critical employees (e.g., nurses, firefighters, police officers, childcare providers, home care aides) working in designated opportunity zones.
The child tax credit is permanently modified: $3,500 per qualifying child ($4,500 for children under 6) and $500 for other qualifying dependents until 2026.
The income limit for the child tax credit is increased to $400,000 for joint filers and $200,000 for others, making it accessible to more families.
A portion of the child tax credit will be refundable, meaning low-income families can receive money even if the credit exceeds their tax liability.
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Additional Information
Print number: 118_HR_4520
Sponsor: Rep. James, John [R-MI-10]
Process start date: 2023-07-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Reignite Hope Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4520.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-10.

What are the main provisions?

Key points include:

  • New tax credit of $3,500 for critical employees (e.g., nurses, firefighters, police officers, childcare providers, home care aides) working in designated opportunity zones.
  • The child tax credit is permanently modified: $3,500 per qualifying child ($4,500 for children under 6) and $500 for other qualifying dependents until 2026.
  • The income limit for the child tax credit is increased to $400,000 for joint filers and $200,000 for others, making it accessible to more families.
  • A portion of the child tax credit will be refundable, meaning low-income families can receive money even if the credit exceeds their tax liability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. James, John [R-MI-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Family Labor