[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3995 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3995

   To amend the Internal Revenue Code of 1986 to reduce the marriage 
                penalty in the earned income tax credit.


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                    IN THE HOUSE OF REPRESENTATIVES

                              June 4, 1998

    Mr. Neal of Massachusetts (for himself, Mr. McDermott, and Mrs. 
   Kennelly of Connecticut) 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 reduce the marriage 
                penalty in the earned income tax credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REDUCTION OF MARRIAGE PENALTY IN EARNED INCOME TAX CREDIT.

    (a) In General.--Paragraph (2) of section 32(b) of the Internal 
Revenue Code of 1986 (relating to phaseout amount) is amended by adding 
at the end the following flush sentence:
        ``In the case of a joint return for a taxable year beginning 
        after December 31, 1998, the preceding table shall be applied 
        by substituting `$16,020' for `$11,610' each place it 
        appears.''
    (b) Conforming Amendment.--Paragraph (1) of section 32(j) of such 
Code is amended by adding at the end the following new flush sentence:
        ``In the case of the $16,020 amounts in subsection (b)(2), 
        subparagraph (B) of this paragraph shall be applied by 
        substituting `calendar year 1998' for `calendar year 1995'.''
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1998.
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