[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9768 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 9768
To amend the Internal Revenue Code of 1986 to treat certain amounts of
tariff revenue as an overpayment of tax.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 16, 2026
Ms. Stevens 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 treat certain amounts of
tariff revenue as an overpayment of tax.
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 ``Tariff Refund Act of 2026''.
SEC. 2. TARIFF REVENUE REBATE OVERPAYMENT.
(a) In General.--Subchapter B of chapter 65 of the Internal Revenue
Code of 1986 is amended by adding at the end the following new section:
``SEC. 6436. TARIFF REVENUE REBATE OVERPAYMENT.
``(a) In General.--Each eligible individual shall be treated as
having made a payment against the tax imposed by chapter 1 for the
preceding taxable year of--
``(1) in the case of a joint return, $1,700,
``(2) in the case of a head of household, $1,275, or
``(3) in the case of any other individual, $850.
``(b) Preceding Taxable Year.--For purposes of this section, the
term `preceding taxable year' means, with respect to an eligible
individual, the most recent taxable year of such individual which--
``(1) begins after December 31, 2024, and
``(2) ends before the date of the enactment of this
section.
``(c) Eligible Individual.--For purposes of this section, the term
`eligible individual' means any individual--
``(1) who is a citizen of the United States,
``(2) who is not incarcerated for a crime conviction in the
United States on the date on which the Secretary determines
such individual's eligibility under this subsection,
``(3) whose adjusted gross income for the preceding taxable
year did not exceed--
``(A) in the case of a joint return, $400,000,
``(B) in the case of a head of household, $300,000,
or
``(C) in the case of any other individual,
$200,000, and
``(4) other than--
``(A) an individual who is a dependent of another
taxpayer for the taxable year of such individual which
follows the preceding taxable year, and
``(B) an estate or trust.
``(d) Dependent Defined.--For purpose of this section, the term
`dependent' has the meaning given such term by section 152.
``(e) No Interest.--No interest shall be allowed on any overpayment
attributable to this section.
``(f) Timing and Manner of Payments.--
``(1) Timing.--The Secretary shall refund or credit any
overpayment attributable to this section as rapidly as
possible.
``(2) Delivery of payments.--Notwithstanding any other
provision of law, the Secretary may certify and disburse
refunds payable under this subsection electronically to--
``(A) any account to which the payee authorized, on
or after January 1, 2024, the delivery of a refund of
taxes under this title or of a Federal payment (as
defined in section 3332 of title 31, United States
Code),
``(B) any account belonging to a payee from which
that individual, on or after January 1, 2024, made a
payment of taxes under this title, or
``(C) any Treasury-sponsored account (as defined in
section 208.2 of title 31, Code of Federal
Regulations).
``(g) Full File of Death Information.--The Secretary shall use
information collected pursuant to section 205(r)(1) of the Social
Security Act to ensure no payment is treated as having been made under
subsection (a) by an individual who is deceased.
``(h) Regulations.--The Secretary shall prescribe such regulations
or other guidance as may be necessary or appropriate to carry out the
purposes of this section, including--
``(1) regulations or other guidance providing citizens the
opportunity to provide the Secretary information sufficient to
allow the Secretary to make payments to such citizens under
this section if such information is not otherwise available to
the Secretary,
``(2) regulations or other guidance to ensure to the
maximum extent administratively practicable that, in
determining the amount of any overpayment under this section,
an individual is not taken into account more than once,
including by different taxpayers and including by reason of a
change in joint return status or dependent status between the
taxable years, and
``(3) regulations or other guidance to allow dependents of
the incarcerated to receive payments if (C)(2) prevents
dependents from accessing payments.''.
(b) Administrative Provisions.--
(1) Definition of deficiency.--Section 6211(b)(4)(A) of the
Internal Revenue Code of 1986 is amended by striking ``7527A,
and 6433'' and inserting ``7527A, 6333, and 6436''.
(2) Conforming amendments.--
(A) Section 1324(b)(2) of title 31, United States
Code, is amended by inserting ``6436,'' after
``6428A,''.
(B) The table of sections for subchapter B of
chapter 65 of the Internal Revenue Code of 1986 is
amended by adding at the end following new item:
``Sec. 6436. Tariff revenue rebate overpayment.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2024.
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