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H.R. 2110 (115th): Tax Fairness for All Families Act of 2017

The text of the bill below is as of Apr 20, 2017 (Introduced).


I

115th CONGRESS

1st Session

H. R. 2110

IN THE HOUSE OF REPRESENTATIVES

April 20, 2017

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 provide an increasingly larger earned income credit for families with more than 3 children.

1.

Short title

This Act may be cited as the Tax Fairness for All Families Act of 2017.

2.

Increased earned income credit for families with more than 3 children

(a)

In general

Paragraph (1) of section 32(b) of the Internal Revenue Code of 1986 is amended to read as follows:

(1)

Percentages

For purposes of subsection (a)—

In the case of an eligible individual with:The credit percentage is:The phaseout percentage is:
1 qualifying child34.0015.98
2 qualifying children40.0021.06
3 qualifying children45.0021.06
4 qualifying children50.0021.06
5 qualifying children55.0021.06
6 qualifying children60.0021.06
7 or more qualifying children65.0021.06
No qualifying children7.657.65.

.

(b)

Conforming amendment

Paragraph (3) of section 32(b) of such Code is amended by striking subparagraph (A).

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2016.