I
105TH CONGRESS
1ST SESSION
H. R. 2645
To make technical corrections related to the Taxpayer Relief Act of 1997
and certain other tax legislation.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 9, 1997
Mr. ARCHER (for himself and Mr. RANGEL) introduced the following bill;
which was referred to the Committee on Ways and Means
A BILL
To make technical corrections related to the Taxpayer Relief
Act of 1997 and certain other tax legislation.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Tax Technical Correc-
tions Act of 1997’’.
SEC. 2. DEFINITIONS.
For purposes of this Act—
(1) 1986 CODE.—The term ‘‘1986 Code’’
means the Internal Revenue Code of 1986.
(2) 1997 ACT.—The term ‘‘1997 Act’’ means
the Taxpayer Relief Act of 1997.
SEC. 3. AMENDMENTS RELATED TO TITLE I OF 1997 ACT.
(a) AMENDMENTS RELATED TO SECTION 101(a) OF
1997 ACT.—
(1) Subsection (d) of section 24 of the 1986
Code is amended—
(A) by striking paragraphs (3) and (4),
(B) by redesignating paragraph (5) as
paragraph (3), and
(C) by striking paragraphs (1) and (2) and
inserting the following new paragraphs:
‘‘(1) IN GENERAL.—In the case of a taxpayer
with 3 or more qualifying children for any taxable
year, the aggregate credits allowed under subpart C
shall be increased by the lesser of—
‘‘(A) the credit which would be allowed
under this section without regard to this sub-
section and the limitation under section 26(a),
or
‘‘(B) the amount by which the aggregate
amount of credits allowed by this subpart (with-
out regard to this subsection) would increase if
the limitation imposed by section 26(a) were in-
creased by the excess (if any) of—
‘‘(i) the taxpayer’s social security
taxes for the taxable year, over
‘‘(ii) the credit allowed under section
32 for the taxable year.
‘‘(2) REDUCTION
OF
CREDIT
TO
TAXPAYER
SUBJECT
TO
ALTERNATIVE
MINIMUM
TAX.—The
credit determined under this subsection for the tax-
able year shall be reduced by the excess (if any) of—
‘‘(A) the amount of tax imposed by section
55 (relating to alternative minimum tax) with
respect to such taxpayer for such taxable year,
over
‘‘(B) the amount of the reduction under
section 32(h) with respect to such taxpayer for
such taxable year.’’
(2) Paragraph (3) of section 24(d) of the 1986
Code (as redesignated by paragraph (1)) is amended
by striking ‘‘paragraph (3)’’ and inserting ‘‘para-
graph (1)’’.
(b) AMENDMENTS RELATED TO SECTION 101(b) OF
1997 ACT.—
(1) The subsection (m) of section 32 of the
1986 Code added by section 101(b) of the 1997 Act
is amended to read as follows:
‘‘(n) SUPPLEMENTAL CHILD CREDIT.—
‘‘(1) IN GENERAL.—In the case of a taxpayer
with respect to whom a credit is allowed under sec-
tion 24 for the taxable year, the credit otherwise al-
lowable under this section shall be increased by the
lesser of—
‘‘(A) the credit which would be allowed
under section 24 without regard to this sub-
section and the limitation under section 26(a),
or
‘‘(B) the amount by which the aggregate
amount of credits allowed by subpart A (with-
out regard to this subsection) would be reduced
if the limitation imposed by section 26(a) were
reduced by the excess (if any) of—
‘‘(i) the credit allowed by this section
(without regard to this subsection) for the
taxable year, over
‘‘(ii) the taxpayer’s social security
taxes (as defined in section 24(d)) for the
taxable year.
The credit determined under this subsection shall be
allowed without regard to any other provision of this
section, including subsection (d).
‘‘(2) COORDINATION WITH OTHER CREDITS.—