[Congressional Record Volume 168, Number 158 (Thursday, September 29, 2022)]
[Senate]
[Pages S5716-S5717]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 6190. Ms. MURKOWSKI submitted an amendment intended to be proposed
to amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe)
and intended to be proposed to the bill H.R. 7900, to authorize
appropriations for fiscal year 2023 for military activities of the
Department of Defense, for military construction, and for defense
activities of the Department of Energy, to prescribe military personnel
strengths for such fiscal year, and for other purposes; which was
ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. _____. CERTAIN AMOUNTS TREATED AS EARNED INCOME FOR
KIDDIE TAX.
(a) In General.--Section 1(g)(4)(C) of the Internal Revenue
Code of 1986 is amended to read as follows:
``(C) Treatment of certain amounts as earned income.--For
purposes of this subsection, each of the following amounts
shall be treated as earned income of the child referred to in
paragraph (1) to the extent included in the gross income of
such child:
``(i) Distributions from qualified disability trusts.--Any
amount included in
[[Page S5717]]
the gross income of such child under section 652 or 662 by
reason of being a beneficiary of a qualified disability trust
(as defined in section 642(b)(2)(C)(ii)).
``(ii) Certain indian tribal payments.--Any payment which
is included in the gross income of such child and made by an
Indian tribal government (as defined in section 139E(c)(1)),
or from a trust of which the Indian tribal government is
treated as the owner under subpart E of part I of subchapter
J, to or for the benefit of such child if--
``(I) such child or a family member (within the meaning of
section 267(c)(4)) is an enrolled member of the tribe with
respect to such Indian tribal government, and
``(II) such payment is made by reason of such enrollment.
``(iii) Certain payments from native corporations or
settlement trusts.--Any payment which is included in the
gross income of such child and--
``(I) made by a Native corporation (as defined in section
646(h)(2)) to or for the benefit of such child if such child
or a family member (within the meaning of section 267(c)(4))
has an equity interest in the Native corporation, or
``(II) made by a Settlement Trust (as defined in section
646(h)(4)) to or for the benefit of such child if such child
or a family member (within the meaning of section 267(c)(4))
has a beneficial interest in such Settlement Trust.
``(iv) Alaska permanent fund dividends.--The amount of any
Alaska Permanent Fund dividend which is included in the gross
income of such child.''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2021.
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