What is the official ID of this bill?

The official print number for this legislation is HR 7024.

When did the legislative process begin?

The process officially started on 2024-01-17.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/hr7024/BILLS-118hr7024pcs.htm

Where is the official voting record?

The official roll call vote is recorded at: https://www.senate.gov/legislative/LIS/roll_call_votes/vote1182/vote_118_2_00230.xml

Is this summary verified?

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

Who is the primary sponsor?

The primary sponsor is Rep. Smith, Jason [R-MO-8].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Motion by Senator Schumer to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 230) made in Senate.

Analysis and Potential Impact of HR 7024

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax Relief for Families, Business Support, and Disaster Aid.

Q: What are the main provisions?

Key points include: Increased Child Tax Credit: Families may receive higher tax refunds per child, boosting their household budgets. Business Support: Companies can deduct more research, development, and investment costs, aiming to stimulate economic growth and job creation. Disaster Relief: Individuals affected by natural disasters, including wildfires and the East Palestine train derailment, will receive special tax relief and income exclusions. Affordable Housing Initiatives: Increased tax credit limits for housing construction aim to help create more affordable homes. Changes in Income Reporting: The threshold for mandatory payment reporting has been raised, potentially simplifying tax filings for some individuals and businesses.

This act introduces changes to tax credits for families with children, increasing their amount and accessibility. It also offers new tax incentives for businesses to support innovation and economic growth. Additionally, it provides tax relief for individuals affected by natural disasters and facilitates the construction of low-income housing.

Key points

Increased Child Tax Credit: Families may receive higher tax refunds per child, boosting their household budgets.

Business Support: Companies can deduct more research, development, and investment costs, aiming to stimulate economic growth and job creation.

Disaster Relief: Individuals affected by natural disasters, including wildfires and the East Palestine train derailment, will receive special tax relief and income exclusions.

Affordable Housing Initiatives: Increased tax credit limits for housing construction aim to help create more affordable homes.

Changes in Income Reporting: The threshold for mandatory payment reporting has been raised, potentially simplifying tax filings for some individuals and businesses.

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52%

VOTING RESULTS

2024-08-01

For 48

Against 44

Abstain 0

Full voting results open_in_new

gavel

Status:

Failed

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Additional Information

Tax Relief for American Families and Workers Act of 2024

Print number: HR 7024

Sponsor: Rep. Smith, Jason [R-MO-8]

Process start date: 2024-01-17

Voting date: 2024-08-01

Meeting no: 2

Voting no: 230

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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