3.0.0 2162 2023-01-11T13:26:44Z 2023-01-11T13:26:44Z Senate S S 2014-03-26 113 ssfi00 Finance Committee Senate Standing Referred to 2014-03-26T20:50:48Z 113 3970 HR 2014-01-29 Referred to the House Committee on Ways and Means. Related bill CRS 113 1476 S 2013-08-01 Read twice and referred to the Committee on Finance. Related bill CRS 2014-03-26 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2014-03-26 Sponsor introductory remarks on measure. (CR S1776-1777) IntroReferral B00100 9 Library of Congress 2014-03-26 Introduced in Senate IntroReferral 10000 9 Library of Congress M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA N R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2014-03-26 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2014-03-26 True M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2014-04-08 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2014-05-21 False S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2014-06-04 False Taxation Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Foreign and international corporations Income tax credits Income tax deductions Inflation and prices Poverty and welfare assistance Tax administration and collection, taxpayers Tax treatment of families Taxation of foreign income Wages and earnings Taxation

00 2014-03-26 Introduced in Senate 2014-06-13T18:34:59Z 21st Century Worker Tax Cut Act - Amends the Internal Revenue Code to: (1) allow married taxpayers with at least one qualifying child under the age of 12 an income-based tax deduction equal to 20% of the lesser of $60,000 or the earned income of the spouse with the lower amount of earned income; (2) increase the amount of the earned income tax credit for taxpayers with no qualifying children; (3) increase the penalty for tax return preparers who fail to comply with due diligence requirements for determining eligibility for the earned income tax credit; (4) extend the limitation on the tax deduction for employee remuneration to current or former officers, directors, or employees of a publicly-held corporation; and (5) include in subpart F income (income of controlled foreign corporations the tax on which may not be deferred) low-taxed cross-border income (gross income of a controlled foreign corporation except income that was derived in the home country of such corporation or was subject to an effective rate of income tax imposed by a foreign country in excess of 15%). 

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Display Title Official Title as Introduced Introduced in Senate IS Short Titles as Introduced Introduced in Senate 2014-03-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2162is/xml/BILLS-113s2162is.xml 2014-03-26 Read twice and referred to the Committee on Finance. 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.