To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- Feb 20, 2026
What it does
The bill would create an individual tariff refund credit allowing eligible individuals to receive a tax credit when a court orders the federal government to repay tariffs imposed unlawfully after January 20, 2025, with the credit amount based on the household size and the total tariff revenues to be repaid. It affects individuals who are not nonresident aliens, dependents claimed by another taxpayer, or estates/trusts, and applies to taxable years beginning after December 31, 2024. The bill also imposes a 100% excise tax on corporations or large taxpayers that receive tariff refunds tied to their business activities, unless they can show price increases did not exceed 50% of the tariff…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.