H.R.5316 - Universal Economic Stimulus Act of 2008

To amend the Internal Revenue Code of 1986 to provide recovery rebates to certain individuals receiving Social Security or certain veterans benefits. view all titles (2)

All Bill Titles

  • Short: Universal Economic Stimulus Act of 2008 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to provide recovery rebates to certain individuals receiving Social Security or certain veterans benefits. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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02/07/08
 
 
 
 
 
 
 

Official Summary

Universal Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to allow social security or veterans benefits recipients with earned income less than $3,000 a $300 refundable tax credit ($600 for married couples filing a joint tax return) in 2008. Reduces the amount of such credi

Official Summary

Universal Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to allow social security or veterans benefits recipients with earned income less than $3,000 a $300 refundable tax credit ($600 for married couples filing a joint tax return) in 2008. Reduces the amount of such credit by 5% of the amount by which the taxpayer's adjusted gross income exceeds $75,000.

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