[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2898 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 2898

  To amend the Internal Revenue Code of 1986 to establish a permanent 
      lookback provision with respect to the Earned Income Credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2025

  Mrs. Sykes introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to establish a permanent 
      lookback provision with respect to the Earned Income Credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``EITC Lookback Act''.

SEC. 2. EARNED INCOME CREDIT LOOKBACK.

    (a) In General.--Section 32 of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new subsection:
    ``(o) Lookback.--If the earned income of the taxpayer for the 
taxable year is less than the earned income of the taxpayer for the 
preceding taxable year, the credit allowed under subsection (a) may, at 
the election of the taxpayer, be determined by substituting--
            ``(1) such earned income for the preceding taxable year, 
        for
            ``(2) such earned income for the taxable year.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to determinations made with respect to taxable years beginning after 
December 31, 2024.
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