[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5463 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 5463

 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 23, 2006

Mrs. Musgrave 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 repeal the increase in 
the age of minor children whose unearned income is taxed as if parent's 
                                income.

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

SECTION 1. REPEAL OF INCREASE IN THE AGE OF MINOR CHILDREN WHOSE 
              UNEARNED INCOME IS TAXED AS IF PARENT'S INCOME.

    (a) In General.--Subparagraph (A) of section 1(g)(2) of the 
Internal Revenue Code of 1986 (relating to child to whom subsection 
applies), as amended by the Tax Increase Prevention and Reconciliation 
Act of 2005, is amended by striking ``age 18'' and inserting ``age 
14''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 2005.
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