Title: CASH Act of 2020
Policy area: Taxation

Summary:
Caring for Americans with Supplemental Help Act of 2020 or the CASH Act of 2020
This bill increases the 2020 recovery rebate from $1,200 to $2,000 for each individual taxpayer and extends such rebate to taxpayer dependents.
The bill does not have budgetary impact (i.e., no entry on PAYGO scorecards).

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9051 Engrossed in House (EH)]

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116th CONGRESS
  2d Session
                                H. R. 9051

_______________________________________________________________________

                                 AN ACT


 
To amend the Internal Revenue Code of 1986 to increase recovery rebate 
       amounts to $2,000 for individuals, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Caring for Americans with 
Supplemental Help Act of 2020'' or the ``CASH Act of 2020''.

SEC. 2. RECOVERY REBATE AMOUNTS INCREASED.

    (a) In General.--Section 6428A of the Internal Revenue Code of 
1986, as added by the COVID-related Tax Relief Act of 2020, is amended 
by striking ``$600'' each place it appears and inserting ``$2,000'', 
and by striking ``$1,200'' each place it appears and inserting 
``$4,000''.
    (b) Effective Date.--The amendments made by this section are 
contingent upon the enactment of the COVID-related Tax Relief Act of 
2020 and shall apply (if at all) as if included in the enactment of 
section 272 of such Act.

SEC. 3. DEPENDENTS TAKEN INTO ACCOUNT IN DETERMINING CREDIT AND 
              REBATES.

    (a) Recovery Rebates.--
            (1) In general.--Section 6428(a)(2) of the Internal Revenue 
        Code of 1986 is amended by striking ``qualifying children 
        (within the meaning of section 24(c))'' and inserting 
        ``dependents (as defined in section 152)''.
            (2) Conforming amendments.--
                    (A) Section 6428(f)(2) of such Code is amended by 
                inserting ``and subsection (a)(2) were applied by 
                substituting `qualifying children (within the meaning 
                of section 24(c))' for `dependent (as defined in 
                section 152)''' before the period at the end.
                    (B) Section 6428(g) of such Code, as amended by the 
                COVID-related Tax Relief Act of 2020, is amended--
                            (i) in paragraph (1), by striking 
                        ``qualifying child'' each place it appears and 
                        inserting ``dependent'',
                            (ii) in paragraph (2)(C), by inserting 
                        ``(determined after the application of 
                        subsection (f)(2))'' after ``subsection 
                        (a)(2)'', and
                            (iii) in paragraph (3)(B), by inserting 
                        ``or dependent'' after ``child'' both places it 
                        appears.
            (3) Effective date.--The amendments made by this subsection 
        are contingent upon the enactment of the COVID-related Tax 
        Relief Act of 2020 and shall apply (if at all) as if included 
        in the enactment of section 273 of such Act.
    (b) Additional 2020 Recovery Rebates.--
            (1) In general.--Section 6428A(a)(2) of the Internal 
        Revenue Code of 1986, as added by the COVID-related Tax Relief 
        Act of 2020, is amended by striking ``qualifying children 
        (within the meaning of section 24(c))'' and inserting 
        ``dependents (as defined in section 152)''.
            (2) Authority to make advance refunds without regard to 
        modified definition of dependent.--Section 6428A(f) of such 
        Code is amended by adding at the end the following new 
        paragraph:
            ``(7) Authority to make advance refunds without regard to 
        modified definition of dependent.--To the extent the Secretary 
        determines appropriate to make or allow the maximum number of 
        advance refunds by the deadline described in paragraph 
        (3)(A)(ii), the Secretary may determine the advance refund 
        amounts under this subsection without regard to the amendments 
        made by paragraphs (1) and (3) of section 3(b) of the CASH Act 
        of 2020.''.
            (3) Conforming amendments.--
                    (A) Section 6428A(f)(2)(B) of such Code is amended 
                by striking ``qualifying child'' and inserting 
                ``dependent''.
                    (B) Section 6428A(g) of such Code is amended by 
                striking ``qualifying child'' each place it appears and 
                inserting ``dependent''.
                    (C) Section 6428A(g)(4)(B) of such Code is amended 
                by striking ``such child'' and inserting ``such 
                dependent''.
            (4) Effective date.--The amendments made by this subsection 
        are contingent upon the enactment of the COVID-related Tax 
        Relief Act of 2020 and shall apply (if at all) as if included 
        in the enactment of section 272 of such Act.

SEC. 4. BUDGETARY EFFECTS.

    (a) Statutory PAYGO Scorecards.--The budgetary effects of this Act 
shall not be entered on either PAYGO scorecard maintained pursuant to 
section 4(d) of the Statutory Pay-As-You-Go Act of 2010.
    (b) Senate PAYGO Scorecards.--The budgetary effects of this Act 
shall not be entered on any PAYGO scorecard maintained for purposes of 
section 4106 of H. Con. Res. 71 (115th Congress).

            Passed the House of Representatives December 28, 2020.

            Attest:

                                                                 Clerk.
116th CONGRESS

  2d Session

                               H. R. 9051

_______________________________________________________________________

                                 AN ACT

To amend the Internal Revenue Code of 1986 to increase recovery rebate 
       amounts to $2,000 for individuals, and for other purposes.