Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
I
116TH CONGRESS
1ST SESSION H. R. 1068
To amend the Internal Revenue Code of 1986 to ensure that the temporary
refundable portion of the child tax credit is not less than the payroll
taxes paid by the taxpayer.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 7, 2019
Mr. BUDD introduced the following bill; which was referred to the Committee
on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to ensure
that the temporary refundable portion of the child tax
credit is not less than the payroll taxes paid by the
taxpayer.
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 ‘‘Working Families Re-
4
lief Act of 2019’’.
5
VerDate Sep 11 2014
00:56 Feb 20, 2019
Jkt 089200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H1068.IH
H1068
pamtmann on DSKBFK8HB2PROD with BILLS
2
•HR 1068 IH
SEC. 2. TEMPORARY REFUNDABLE PORTION OF CHILD TAX
1
CREDIT NOT LESS THAN PAYROLL TAXES
2
PAID BY TAXPAYER.
3
(a) IN GENERAL.—Section 24(h)(5)(A) of the Inter-
4
nal Revenue Code of 1986 is amended to read as follows:
5
‘‘(A) IN GENERAL.—Subsection (d)(1)(A)
6
shall be applied without regard to paragraph
7
(4) of this subsection and the amount deter-
8
mined under subsection (d)(1)(A) shall not ex-
9
ceed the greater of—
10
‘‘(i) $1,400, or
11
‘‘(ii) the excess of—
12
‘‘(I) the taxpayer’s social security
13
taxes (as defined in subsection (d)(2))
14
for the taxable year, over
15
‘‘(II) the credit allowed under
16
section 32 for the taxable year.’’.
17
(b) EFFECTIVE DATE.—The amendments made by
18
this section shall apply to taxable years beginning after
19
December 31, 2018.
20
Æ
VerDate Sep 11 2014
00:56 Feb 20, 2019
Jkt 089200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6301
E:\BILLS\H1068.IH
H1068
pamtmann on DSKBFK8HB2PROD with BILLS