SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Stop Legislative Auto-
matic Spending Hikes (SLASH) Act of 2008’’. 
TITLE I—ELIMINATION OF INEF-
FECTIVE AGENCIES AND PRO-
GRAMS 
SEC. 101. ANNUAL LIST OF AFFECTED AGENCIES AND PRO-
GRAMS. 
Before October 1 of each calendar year, the Director 
of the Office of Management and Budget shall transmit 
to Congress a report containing a list comprised of all 
agencies and programs that received ineffective ratings 
under the most recent program assessment rating tool 
pursuant to the Government Performance and Results Act 
of 1993 (Public Law 103–62; 107 Stat. 285) or three con-
secutive annual adequate ratings under that program as-
sessment rating tool and the preceding two program as-
sessment rating tools. 
SEC. 102. TERMINATION OF CERTAIN AGENCIES AND PRO-
GRAMS. 
Sixty calendar days after the date upon which the Di-
rector of the Office of Management and Budget transmits 
a report to Congress under section 1, all agencies and pro-
grams named on such list shall terminate unless, before 
the end of such 60-day period, a statute has been enacted 
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into law stating that all such agencies and programs shall 
not terminate. 
SEC. 103. TRANSITION PROVISIONS. 
Whenever any agency or program is terminated under 
this Act, all orders, grants, contracts, and other deter-
minations or actions of that agency or program that are 
effective as of the date before the date of such termination, 
shall be transferred by the Director of the Office of Man-
agement and Budget to an appropriate agency and shall 
continue in effect according to their terms unless changed 
pursuant to law. 
SEC. 104. ESTIMATION OF SAVINGS. 
The Director of the Office of Management and Budg-
et shall annually estimate the dollar amount of savings 
to the Government from the operation of this title for each 
calendar year and shall annually report such dollar 
amount to the Secretary of the Treasury. 
TITLE II—REBATES TO 
TAXPAYERS 
SEC. 201. REBATE OF SAVINGS TO TAXPAYERS. 
(a) IN GENERAL.—Subchapter B of chapter 65 of the 
Internal Revenue Code of 1986 is amended by adding at 
the end the following new section: 
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‘‘SEC. 6431. PROGRAM ELIMINATION REBATES. 
‘‘(a) IN GENERAL.—In the case of an eligible tax-
payer, there shall be allowed as a credit against the tax 
imposed by subtitle A for the first taxable year beginning 
in any calendar year an amount equal to the program 
elimination rebate amount determined by the Secretary for 
such calendar year. 
‘‘(b) PROGRAM ELIMINATION REBATE AMOUNT.— 
For purposes of this section, the term ‘program elimi-
nation rebate amount’ means, with respect to any calendar 
year, the amount that the Secretary estimates will result 
in a reduction in revenue to the Government equal to the 
dollar amount of estimated savings reported to the Sec-
retary by the Director of the Office of Management and 
Budget under section 104 of the Stop Legislative Auto-
matic Spending Hikes (SLASH) Act of 2008 for the pre-
ceding calendar year. 
‘‘(c) ELIGIBLE TAXPAYER.—For purposes of this sec-
tion, 
‘‘(1) IN GENERAL.—The term ‘eligible taxpayer’ 
means any eligible individual if such taxpayer— 
‘‘(A) has qualifying income of at least 
$3,000, or 
‘‘(B) has— 
‘‘(i) net income tax liability which is 
greater than zero, and 
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‘‘(ii) gross income which is greater 
than the sum of the basic standard deduc-
tion plus the exemption amount (twice the 
exemption amount in the case of a joint re-
turn). 
‘‘(2) ELIGIBLE INDIVIDUAL.—The term ‘eligible 
individual’ means any individual other than— 
‘‘(A) any nonresident alien individual, 
‘‘(B) any individual with respect to whom 
a deduction under section 151 is allowable to 
another taxpayer for a taxable year beginning 
in the calendar year in which the individual’s 
taxable year begins, and 
‘‘(C) an estate or trust. 
‘‘(3) QUALIFYING
INCOME.—The term ‘quali-
fying income’ means— 
‘‘(A) earned income, 
‘‘(B) Social Security benefits (within the 
meaning of section 86(d)), and 
‘‘(C) any compensation or pension received 
under chapter 11, chapter 13, or chapter 15 of 
title 38, United States Code. 
‘‘(4) NET INCOME TAX LIABILITY.—The term 
‘net income tax liability’ means the excess of— 
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‘‘(A) the sum of the taxpayer’s regular tax 
liability (within the meaning of section 26(b)) 
and the tax imposed by section 55 for the tax-
able year, over 
‘‘(B) the credits allowed by part IV (other 
than section 24 and subpart C thereof) of sub-
chapter A of chapter 1. 
‘‘(d) TREATMENT OF CREDIT.—The credit allowed by 
subsection (a) shall be treated as allowed by subpart C 
of part IV of subchapter A of chapter 1. 
‘‘(e) COORDINATION WITH ADVANCE REFUNDS OF 
CREDIT.— 
‘‘(1) IN
GENERAL.—The amount of credit 
which would (but for this paragraph) be allowable 
under this section for any taxable year shall be re-
duced (but not below zero) by the aggregate refunds 
and credits made or allowed to the taxpayer under 
subsection (f) with respect to such amount for the 
preceding taxable year. Any failure to so reduce the 
credit shall be treated as arising out of a mathe-
matical or clerical error and assessed according to 
section 6213(b)(1). 
‘‘(2) JOINT RETURNS.—In the case of a refund 
or credit made or allowed under subsection (f) with 
respect to a joint return, half of such refund or cred-
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it shall be treated as having been made or allowed 
to each individual filing such return. 
‘‘(f) ADVANCE REFUNDS AND CREDITS.— 
‘‘(1) IN GENERAL.—Each individual who was 
an eligible individual for the taxable year preceding 
any taxable year to which subsection (a) applies 
shall be treated as having made a payment against 
the tax imposed by chapter 1 for such preceding tax-
able year in an amount equal to the program elimi-
nation refund amount determined for the taxable 
year to which subsection (a) applies. 
‘‘(2) TIMING
OF
PAYMENTS.—The Secretary 
shall, subject to the provisions of this title, refund 
or credit any overpayment attributable to this sub-
section as rapidly as possible. No refund or credit 
shall be made or allowed under this subsection with 
respect to any taxable year beginning in a calendar 
year after December 31 of the following calendar 
year. 
‘‘(3) NO INTEREST.—No interest shall be al-
lowed on any overpayment attributable to this sub-
section. 
‘‘(g) IDENTIFICATION NUMBER REQUIREMENT.— 
‘‘(1) IN GENERAL.—No credit shall be allowed 
under subsection (a) to an eligible individual who 
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does not include on the return of tax for the taxable 
year— 
‘‘(A) such individual’s valid identification 
number, and 
‘‘(B) in the case of a joint return, the valid 
identification number of such individual’s 
spouse, 
‘‘(2) VALID
IDENTIFICATION
NUMBER.—For 
purposes of paragraph (1), the term ‘valid identifica-
tion number’ means a Social Security number issued 
to an individual by the Social Security Administra-
tion. Such term shall not include a TIN issued by 
the Internal Revenue Service.’’. 
(b) ADMINISTRATIVE PROVISIONS.— 
(1) 
DEFINITION
OF
DEFICIENCY.—Section 
6211(b)(4)(A) of the Internal Revenue Code of 1986 
is amended by striking ‘‘and 6428’’ and inserting 
‘‘6428 and 6431’’. 
(2) MATHEMATICAL OR CLERICAL ERROR AU-
THORITY.—Section 6213(g)(2)(L) of such Code is 
amended by striking ‘‘or 6428’’ and inserting ‘‘6428, 
or 6431’’. 
(c) CONFORMING AMENDMENTS.— 
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(1) Paragraph (2) of section 1324(b) of title 
31, United States Code, is amended by striking ‘‘or 
6428’’ inserting ‘‘6428, or 6431’’. 
(2) The table of section for subchapter B of 
chapter 65 of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new 
item: 
‘‘Sec. 6431. Program elimination rebates.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
Æ 
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