Honor Our Promise Act

Bill: 113-s-1977
Sponsor: full_name: Sen. Ayotte, Kelly [R-NH]
Introduced: 2014-01-30
Policy area: Armed Forces and National Security
Subjects: Income tax credits

Inflation and prices

Military personnel and dependents

Tax administration and collection, taxpayers

Tax treatment of families

Veterans' pensions and compensation
Latest action: action_date: 2014-02-03
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 300.

Summaries:
action_date: 2014-01-30
action_desc: Introduced in Senate
text: <p>Honor Our Promise Act - Repeals the provision of the Bipartisan Budget Act of 2013 that reduces the cost-of-living adjustment to the retirement pay of members of the Armed Forces under age 62.</p> <p>Amends the Internal Revenue Code to require taxpayers who are claiming the refundable portion of the child tax credit to include the name and taxpayer identification number (e.g., social security number) of their qualifying child on their tax returns. </p>

tv_txt: II Calendar No. 300 113th CONGRESS 2d Session S. 1977 IN THE SENATE OF THE UNITED STATES January 30, 2014 Ms. Ayotte (for herself, Mr. Graham , Mr. Wicker , Ms. Collins , and Mr. Chambliss ) introduced the following bill; which was read the first time February 3, 2014 Read the second time and placed on the calendar A BILL To repeal section 403 of the Bipartisan Budget Act of 2013, relating to an annual adjustment of retired pay for members of the Armed Forces under the age of 62, and to provide an offset.

1. Short title This Act may be cited as the Honor Our Promise Act . 2. Repeal of reductions made by Bipartisan Budget Act of 2013 (a) Adjustment of retirement pay Section 403 of the Bipartisan Budget Act of 2013 is repealed as of the date of the enactment of such Act. (b) Conforming amendment Title X of the Department of Defense Appropriations Act, 2014 (division C of Public Law 113–76 ) is hereby repealed. 3. Social Security number required to claim the refundable portion of the child tax credit (a) In general Subsection (e) of section 24 of the Internal Revenue Code of 1986 is amended to read as follows: (e) Identification requirement with respect to qualifying children (1) In general Subject to paragraph (2), no credit shall be allowed under this section to a taxpayer with respect to any qualifying child unless the taxpayer includes the name and taxpayer identification number of such qualifying child on the return of tax for the taxable year. (2) Refundable portion Subsection (d)(1) shall not apply to any taxpayer with respect to any qualifying child unless the taxpayer includes the name and social security number of such qualifying child on the return of tax for the taxable year. . (b) Omission treated as mathematical or clerical error Subparagraph (I) of section 6213(g)(2) of the Internal Revenue Code of 1986 is amended to read as follows: (I) an omission of a correct TIN under section 24(e)(1) (relating to child tax credit) or a correct Social Security number required under section 24(e)(2) (relating to refundable portion of child tax credit), to be included on a return, . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

February 3, 2014 Read the second time and placed on the calendar