109 HR 5463 IH: To amend the Internal Revenue Code of 1986 to repeal the U.S. House of Representatives 2006-05-23 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.

I 109th CONGRESS 2d Session H. R. 5463 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.

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.