I
119THCONGRESS
1
STSESSION 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
APRIL10, 2025
Mrs. S
YKESintroduced 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 Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘EITC Lookback Act’’. 4
SEC. 2. EARNED INCOME CREDIT LOOKBACK. 5
(a) I
NGENERAL.—Section 32 of the Internal Rev-6
enue Code of 1986 is amended by adding at the end the 7
following new subsection: 8
‘‘(o) L
OOKBACK.—If the earned income of the tax-9
payer for the taxable year is less than the earned income 10
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•HR 2898 IH
of the taxpayer for the preceding taxable year, the credit 1
allowed under subsection (a) may, at the election of the 2
taxpayer, be determined by substituting— 3
‘‘(1) such earned income for the preceding tax-4
able year, for 5
‘‘(2) such earned income for the taxable year.’’. 6
(b) E
FFECTIVEDATE.—The amendment made by 7
this section shall apply to determinations made with re-8
spect to taxable years beginning after December 31, 2024. 9
Æ
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