UPLIFT Act

This bill would create a refundable federal income tax credit for what individuals spend on electricity, natural gas, or propane at their main home in the United States, whether owned or rented. The credit would be available only in years when a federal measure of consumer prices rises more than 2 percent over the prior year. The credit would be capped at $1,200, or $2,400 for joint filers and heads of household, and would shrink for incomes above $75,000 ($150,000 for joint filers and heads of household). Refunds from the credit would not count as income for federal means-tested programs, and the credit would apply to tax years beginning after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• LaMonica McIver Democrat sponsor
• 13 cosponsors