Tax Fairness for All Families Act of 2013

Bill: 113-hr-2320
Sponsor: full_name: Rep. Nadler, Jerrold [D-NY-10]
Introduced: 2013-06-11
Policy area: Taxation
Subjects: Income tax credits

Poverty and welfare assistance

Tax treatment of families
Latest action: action_date: 2013-06-11
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-06-11
action_desc: Introduced in House
text: <p>Tax Fairness for All Families Act of 2013 - Amends the Internal Revenue Code, with respect to the earned income tax credit, to provide for an increased credit percentage for taxpayers with more than three qualifying children.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 2320 IN THE HOUSE OF REPRESENTATIVES June 11, 2013 Mr. Nadler introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide an increasingly larger earned income credit for families with more than 3 children.

1. Short title This Act may be cited as the Tax Fairness for All Families Act of 2013 . 2. Increased earned income credit for families with more than 3 children (a) In general Paragraph (1) of section 32(b) of the Internal Revenue Code of 1986 is amended to read as follows: (1) Percentages For purposes of subsection (a)— In the case of an eligible individual with: The credit percentage is: The phaseout percentage is: 1 qualifying child 34 15.98 2 qualifying children 40 21.06 3 qualifying children 45 21.06 4 qualifying children 50 21.06 5 qualifying children 55 21.06 6 qualifying children 60 21.06 7 or more qualifying children 65 21.06 No qualifying children 7.65 7.65 . (b) Conforming amendment Paragraph (3) of section 32(b) of such Code is amended by striking subparagraph (A). (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2012.