U.S. Congress legislation · 119th Congress
HB10494: American Tariff Rebate Act
Status: In committee, September 17, 2026
To amend the Internal Revenue Code of 1986 to provide American tariff rebates, and for other purposes.
What the bill says
To amend the Internal Revenue Code of 1986 to provide American tariff rebates, and for other purposes.
From the introduced text, September 17, 2026:
A BILL To amend the Internal Revenue Code of 1986 to provide American tariff rebates, and for other purposes. SECTION 1. Short title This Act may be cited as the American Tariff Rebate Act . SECTION 2. American tariff rebates (a) In general Subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by inserting after section 6428B the following new section: SECTION 6428C. American tariff rebates (a) In general In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in 2026 an amount equal to the sum of-- (1) $2,000 ($4,000 in the case of a joint return), plus (2) an amount equal to the product of $600 multiplied by the number of dependents of the taxpayer for such taxable year. (b) Treatment of credit The credit allowed by subsection (a) shall be treated as allowed by subpart C of part IV of subchapter A of chapter 1. (c) Limitation based on adjusted gross income (1) In general The amount of the credit allowed by subsection (a) (determined without regard to this subsection and subsection (e)) shall be reduced (but not below zero) by the amount which bears the same ratio to such credit (as so determined) as-- …
Sponsors
- Valerie Foushee (D, HD-004) · primary sponsor
Latest actions
- : Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB10494?
- HB10494 is a bill in Congress (119th Congress): American Tariff Rebate Act.
- What does HB10494 do?
- In its own words: To amend the Internal Revenue Code of 1986 to provide American tariff rebates, and for other purposes.
- What is the status of HB10494?
- In committee as of September 17, 2026. Latest action: Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (September 17, 2026).
- Who sponsored HB10494?
- Valerie Foushee (D, HD-004).
- Where is the official record for HB10494?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10494
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.