[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3015 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 3015

To amend the Internal Revenue Code of 1986 to provide a refund of up to 
          $300 to individuals for payroll taxes paid in 2000.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 3, 2001

Ms. Solis (for herself, Mr. Borski, Mr. Kucinich, Ms. Lee, Mr. Clement, 
Mr. Clay, Mr. Filner, Mr. Owens, Ms. Waters, Mr. Nadler, Ms. Watson of 
California, Mr. Olver, Mr. Bishop, Mr. Brown of Ohio, Mrs. Christensen, 
    Mr. Wynn, Mr. Davis of Illinois, Mr. Sanders, and Mr. Udall of 
  Colorado) 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 a refund of up to 
          $300 to individuals for payroll taxes paid in 2000.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Working Families Tax Rebate Act of 
2001''.

SEC. 2. REFUND OF PAYROLL TAXES.

    (a) In General.--Subchapter B of chapter 65 of the Internal Revenue 
Code of 1986 (relating to abatements, credits, and refunds) is amended 
by adding at the end the following new section:

``SEC. 6429. REFUND OF PAYROLL TAXES.

    ``(a) In General.--Each individual shall be treated as having made 
a payment against the tax imposed by chapter 1 for such individual's 
first taxable year beginning in 2000 in an amount equal to the payroll 
tax refund amount for such taxable year.
    ``(b) Payroll Tax Refund Amount.--
            ``(1) In general.--For purposes of subsection (a), the 
        payroll tax refund amount is the lesser of--
                    ``(A) $300, or
                    ``(B) the amount of the individual's social 
                security taxes (as defined in section 24(d)(2)) for 
                such year,
        reduced by the advance refund amount (if any) received by the 
        individual under section 6428(e).
            ``(2) Joint returns.--For purposes of paragraph (1), in the 
        case of an advance refund amount made under section 6428(e) 
        with respect to a joint return, half of such refund amount 
        shall be treated as having been made to each individual filing 
        such return.
    ``(c) Timing of Payments.--In the case of any overpayment 
attributable to this section, the Secretary shall, subject to the 
provisions of this title, refund or credit such overpayment as rapidly 
as possible and, to the extent practicable, before December 31, 2001.
    ``(d) No Interest.--No interest shall be allowed on any overpayment 
attributable to this section.''.
    (b) Clerical Amendment.--The table of sections for subchapter B of 
chapter 65 of such Code is amended by adding at the end the following 
new item:

        ``Sec. 6429. Refund of payroll taxes.''.
                                 <all>