113 HR 2320 IH: Tax Fairness for All Families Act of 2013 U.S. House of Representatives 2013-06-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

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 child3415.982 qualifying children4021.063 qualifying children4521.064 qualifying children5021.065 qualifying children5521.066 qualifying children6021.067 or more qualifying children6521.06No qualifying children7.657.65. (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.