H.R. 2320 — Introduced in House

I 113th CONGRESS 1st Session H. R. 2320 IN THE HOUSE OF REPRESENTATIVES June 11, 2013 Mr. Nadler 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 2013. 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 child3415.98 2 qualifying children4021.06 3 qualifying children4521.06 4 qualifying children5021.06 5 qualifying children5521.06 6 qualifying children6021.06 7 or more qualifying children6521.06 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, 2012.