To amend the Internal Revenue Code of 1986 to repeal the increase in the age of minor children whose unearned income is taxed as if parent's income.

3.0.0 5473 2023-01-13T04:48:25Z 2023-01-13T04:48:25Z House H HR 2006-05-24 109 hswm00 Ways and Means Committee House Standing Referred to 2006-05-24T14:01:30Z To amend the Internal Revenue Code of 1986 to repeal the increase in the age of minor children whose unearned income is taxed as if parent's income. 109 5463 HR 2006-05-23 Referred to the House Committee on Ways and Means. Related bill CRS 2006-05-24 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-05-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-05-24 Introduced in House IntroReferral 1000 9 Library of Congress P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 N J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2006-06-13 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2006-06-13 False R000011 Rep. Rahall, Nick J., II [D-WV-3] NICK RAHALL D WV J. 3 2006-06-13 False B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 2006-06-13 False B000944 Rep. Brown, Sherrod [D-OH-13] Sherrod Brown D OH 13 2006-06-13 False W000784 Rep. Wynn, Albert Russell [D-MD-4] ALBERT WYNN D MD R. 4 2006-06-13 False G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 2006-06-26 False Taxation Accounting Age Families Finance and Financial Sector Income tax Minimum tax Parent and child Tax rates Taxation

00 2006-05-24 Introduced in House 2006-06-26T18:34:30Z Student Savings Act of 2006 - Repeals the provision of the Tax Increase Prevention and Reconciliation Act of 2005 which subjects the passive income of minor children under the age of 18 (formerly, under the age of 14) to the marginal income tax rates of their parents. Imposes a surtax on individual adjusted gross income over $1 million to compensate for revenue losses resulting from such repeal.

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Student Savings Act of 2006 Display Title Student Savings Act of 2006 Official Title as Introduced To repeal the increase in tax on unearned income of minor children enacted by the Tax Increase Prevention and Reconciliation Act of 2005. Introduced in House IH Short Titles as Introduced Student Savings Act of 2006 Introduced in House 2006-05-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5473ih/xml/BILLS-109hr5473ih.xml 2006-05-24 Referred to the House Committee on Ways and Means. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.