H.R. 1757 — Introduced in House

I 114th CONGRESS 1st Session H. R. 1757 IN THE HOUSE OF REPRESENTATIVES April 13, 2015 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 2015. 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 child34.0015.982 qualifying children40.0021.063 qualifying children45.0021.064 qualifying children50.0021.065 qualifying children55.0021.066 qualifying children60.0021.067 or more qualifying children65.0021.06No 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, 2014.