< Back to H.R. 4421 (112th Congress, 2011–2013)

Text of the Easy Earned Income Tax Credit Act of 2012

This bill was introduced on April 19, 2012, in a previous session of Congress, but was not enacted. The text of the bill below is as of Apr 19, 2012 (Introduced).

Source: GPO

I

112th CONGRESS

2d Session

H. R. 4421

IN THE HOUSE OF REPRESENTATIVES

April 19, 2012

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 eliminate the separate income tax return form for the earned income credit, to require the information required by that form to be included on the appropriate income tax return forms, and to require the Internal Revenue Service to compute the earned income credit for taxpayers.

1.

Short Title

This Act may be cited as the Easy Earned Income Tax Credit Act of 2012.

2.

Modifications to the reporting of earned income credit eligibility information; secretary to compute earned income credit for taxpayers

(a)

In general

The Secretary of the Treasury—

(1)

shall not require individuals to complete Form EIC or any similar form requiring only the information required on Form EIC,

(2)

shall modify the forms on which the credit allowable by section 32 of the Internal Revenue Code of 1986 (relating to earned income credit) may be claimed to require the inclusion of the information required on Form EIC before the date of the enactment of this Act, and

(3)

shall provide a notice on such forms and in the instructions for such forms that such Secretary will compute such credit at the taxpayer’s request.

(b)

Election for secretary To compute earned income credit

Section 32 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

(n)

Election for secretary To compute earned income credit

A taxpayer who is eligible for the credit allowable by this section shall, at such taxpayer’s election, not be required to compute such credit on any return of tax imposed by this chapter. In such case, the credit shall be computed by the Secretary who shall mail to the taxpayer a notice stating the amount of the credit determined by the Secretary. Such election shall be made by writing EIC on the line of the income tax return form where the amount of the earned income credit is otherwise to be shown.

.

(c)

Effective date

The section, and the amendment made by this section, shall apply to returns for taxable years beginning after December 31, 2012.