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118-hr-6703Committee
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To amend the Internal Revenue Code of 1986 to allow a nonrefundable credit for certain organized sport equipment expenses.

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Summary

Official CRS summary

This bill allows a new income-based tax credit for qualified organized sport equipment expenses, up to $200 for a taxable year. The bill defines qualified organized sport equipment expenses as expenses for the participation of a taxpayer dependent in an organized sport, game, or hobby program that is primarily for unrelated individuals who have not attained age 19 to engage in such sport, game, or hobby.

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Bill details

Congress
118
Bill type
hr
Introduced
December 11, 2023
Sponsor
Not yet available
Last action
December 11, 2023— Referred to the House Committee on Ways and Means.

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