‘‘(b) LIMITATION BASED ON ADJUSTED GROSS IN-
COME.— 
‘‘(1) IN GENERAL.—The amount of the credit 
allowable under subsection (a) shall be zero if the 
modified adjusted gross income of the taxpayer ex-
ceeds the threshold amount. For purposes of the 
preceding sentence, the term ‘modified adjusted 
gross income’ means adjusted gross income in-
creased by any amount excluded from gross income 
under section 911, 931, or 933. 
‘‘(2) THRESHOLD AMOUNT.—For purposes of 
paragraph (1), the term ‘threshold amount’ means— 
‘‘(A) $115,000 in the case of a joint return 
and head of household (as defined in section 
2(b)), 
‘‘(B) $75,000 in the case of an individual 
who is not married, and 
‘‘(C) $57,500 in the case of a married in-
dividual filing a separate return. 
For purposes of this paragraph, marital status shall 
be determined under section 7703. 
‘‘(c) CREDIT TREATED AS NONREFUNDABLE PER-
SONAL CREDIT.—For purposes of this title, the credit al-
lowed under this section shall be treated as a credit allow-
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able under subpart A of part IV of subchapter A of chap-
ter 1. 
‘‘(d) ELIGIBLE INDIVIDUAL.—For purposes of this 
section, the term ‘eligible individual’ means any individual 
other than— 
‘‘(1) any estate or trust, 
‘‘(2) any nonresident alien individual, and 
‘‘(3) any individual with respect to whom a de-
duction under section 151 is allowable to another 
taxpayer for a taxable year beginning in the cal-
endar year in which the individual’s taxable year be-
gins. 
‘‘(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 shall be reduced (but not below 
zero) by the aggregate refunds and credits made or 
allowed to the taxpayer under subsection (e). Any 
failure to so reduce the credit shall be treated as 
arising out of a mathematical 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
OF CREDIT BASED
ON 
PRIOR YEAR DATA.— 
‘‘(1) IN GENERAL.—Each individual who was 
an eligible individual for such individual’s first tax-
able year beginning in 2006 shall be treated as hav-
ing made a payment against the tax imposed by 
chapter 1 for such first taxable year in an amount 
equal to the advance refund amount for such taxable 
year. 
‘‘(2) ADVANCE
REFUND
AMOUNT.—For pur-
poses of paragraph (1), the advance refund amount 
is the amount that would have been allowed as a 
credit under this section for such first taxable year 
if— 
‘‘(A) this section (other than subsections 
(c) and (e) and this subsection) had applied to 
such taxable year, and 
‘‘(B) the credit for such taxable year were 
not allowed to exceed the excess (if any) of— 
‘‘(i) the sum of the regular tax liabil-
ity (as defined in section 26(b)) plus the 
tax imposed by section 55, over 
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‘‘(ii) the sum of the credits allowable 
under part IV of subchapter A of chapter 
1 (other than the credits allowable under 
subpart C thereof, relating to refundable 
credits). 
‘‘(3) TIMING
OF
PAYMENTS.—In the case of 
any overpayment attributable to this subsection, the 
Secretary shall, subject to the provisions of this title, 
refund or credit such overpayment as rapidly as pos-
sible and, to the extent practicable, before the date 
which is 120 days after the date of the enactment 
of this section. No refund or credit shall be made or 
allowed under this subsection after December 31, 
2008. 
‘‘(4) NO INTEREST.—No interest shall be al-
lowed on any overpayment attributable to this sub-
section.’’. 
(b) CONFORMING AMENDMENT.—Paragraph (1) of 
section 1(i) of such Code is amended by striking subpara-
graph (D). 
(c) CLERICAL AMENDMENT.—The item relating to 
section 6428 in the table of sections for subchapter B of 
chapter 65 of such Code is amended to read as follows: 
‘‘Sec. 6428. 2008 stimulus credit.’’. 
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(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2007. 
SEC. 5. ALTERNATIVE EXTENDED-BENEFITS INDICATORS. 
(a) IN GENERAL.—For purposes of determining 
whether there are State ‘‘on’’ or ‘‘off’’ indicators (within 
the meaning of section 203(d) of the Federal-State Ex-
tended Unemployment Compensation Act of 1970 (26 
U.S.C. 3304 note)) for any of the first 52 weeks beginning 
on or after the date of the enactment of this Act, such 
section 203(d) shall be applied by substituting ‘‘4’’ for ‘‘5’’ 
each place it appears. 
(b) DEFINITIONS.—For purposes of this section, the 
terms ‘‘State’’ and ‘‘week’’ have the respective meanings 
given such terms by section 205 of such Act. 
SEC. 6. REQUIRED DISTRIBUTION OF STATE-SPECIFIC IN-
FORMATION PACKETS. 
(a) IN GENERAL.—Subsection (a) of section 3304 of 
the Internal Revenue Code of 1986 (relating to approval 
of State laws) is amended by striking ‘‘and’’ at the end 
of paragraph (18), by striking the period at the end of 
paragraph (19) and inserting ‘‘; and’’, and by inserting 
after paragraph (19) the following new paragraph: 
‘‘(20) the State will distribute to unemployed 
individuals State-specific information packets ex-
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