Tax Fairness for All Families Act of 2017

Bill: 115-hr-2110
Sponsor: full_name: Rep. Nadler, Jerrold [D-NY-10]
Introduced: 2017-04-20
Policy area: Taxation
Subjects: Income tax credits

Poverty and welfare assistance

Tax treatment of families

Wages and earnings
Latest action: action_date: 2017-04-20
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-04-20
action_desc: Introduced in House
text: <p><strong>Tax Fairness for All Families Act of 201</strong><b>7</b></p> <p>This bill 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 115th CONGRESS 1st Session H. R. 2110 IN THE HOUSE OF REPRESENTATIVES April 20, 2017 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 2017 . 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 34.00 15.98 2 qualifying children 40.00 21.06 3 qualifying children 45.00 21.06 4 qualifying children 50.00 21.06 5 qualifying children 55.00 21.06 6 qualifying children 60.00 21.06 7 or more qualifying children 65.00 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, 2016.