,,ii  #aad? ,,congress  #a/ ,session    
,s4 #ffj  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #d1 #bjae,mrs4    
,murray 7= h]self1 ,mr4 ,re$1 ,mr4      
,br[n1 ,mr4 ,durb91 ,mr4 ,reid1 ,mr4    
,s*um]1 ,mrs4 ,%ahe51 ,ms4 ,/ab5[1 ,mr4 
,wyd51 & ,mrs4 ,gillibr&7 introduc$ !   
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to e/abli% a cr$it = m>ri$ c\ples 
:o are bo? employ$ & h "y *ildr54  #a4  
,%ort title ,?is ,act may be cit$ z !   
#ba/ ,c5tury ,work] ,tax ,cut ,act4  #b4
 ,cr$it = dual-e>n] families  7a7 ,9    
g5]al ,subp>t ,a ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by ins]t+ aft] section  
#be;,d ! foll[+ new section3  #be;,e4   
,dual-e>n] families  7a7 ,all[ance (    
cr$it ,9 ! case ( an eligible taxpay]1  
!re %all be all[$ z a cr$it aga9/ ! tax 
impos$ by ?is *apt] = ! taxable ye> an  
am\nt equal to #aj p]c5t ( ! less] (--  
7#a7 #aj1jjj1 or  7#b7 ! e>n$ income ( !

 sp\se ) ! l[] am\nt ( e>n$ income = su*
 taxable ye>4  7b7 ,limitation ,! am\nt 
( ! cr$it all[able "u subsection 7a7    
%all be r$uc$ 7b n bel[ z]o7 by an am\nt
 :i* be>s ! same ratio to ! am\nt       
det]m9$ "u subsection 7a7 7z det]m9$ )\t
 reg>d to ?is subsection7 z ! am\nt ( ! 
taxpay]'s excess adju/$ gross income    
be>s to #bj1jjj4  7c7 ,def9itions ,9 ?is
 section3 7#a7 ,e>n$ income ,! t]m e>n$ 
income has ! same mean+ giv5 su* t]m 9  
section #cb7;c77#b74  7#b7 ,eligible    
taxpay]  7,a7 ,9 g5]al ,! t]m eligible  
taxpay] means a taxpay] :o-- 7i7 files a
 jo9t return = ! taxable ye> "u section 
#fjac1 &  7ii7 has at lea/ #a qualify+  
*ild 7z def9$ 9 section #aeb7;c77 :o has
 n atta9$ #ab ye>s ( age be=e ! close ( 
! taxable ye>4  7#c7 ,excess adju/$     
gross income ,! t]m excess adju/$ gross 
income means ! am\nt ( ! eligible       
taxpay]'s adju/$ gross income 7z def9$ 9
 section #fb1 det]m9$ )\t reg>d to ?is  
section7 t exce$s #aaj1jjj = ! taxable  
ye>4  7d7 ,inflation adju/m5t  7#a7 ,9  

g5]al ,9 ! case ( any taxable ye> beg9n+
 aft] #bjaf1 ea* ( ! doll> am\nts 9     
subsections 7a77#a7 & 7c77#c7 %all be   
increas$ by an am\nt equal to--  7,a7   
su* doll> am\nt1 multipli$ by  7,b7 !   
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
cal5d> ye> #bjae = cal5d> ye> #aiib 9   
subp>agraph 7,b7 !re(4  7#b7 ,r\nd+ ,if 
any doll> am\nt 9 subsection 7a77#a7 or 
7c77#c71 aft] be+ increas$ "u p>agraph  
7#a71 is n a multiple ( #a1jjj1 su*     
doll> am\nt %all be r\nd$ to ! ne>e/    
multiple ( #a1jjj4  7e7 ,additional     
eligibility requirem5ts  7#a7           
,individual claim+ b5efits "u section   
#iaa ,no cr$it %all be all[$ "u ?is     
section if an individual 7or !          
individual's sp\se7 claims ! b5efits (  
section #iaa = ! taxable ye>4  7#b7     
,non-resid5t ali5s ,no cr$it %all be    
all[$ "u ?is section if an individual   
7or ! individual's sp\se7 is a          
nonresid5t ali5 individual = any portion

 ( ! taxable ye> unless su* individual  
is treat$ = su* taxable ye> z a resid5t 
( ! ,unit$ ,/ates = purposes ( ?is *apt]
 by reason ( an election "u subsection  
7g7 or 7h7 ( section #fjac4  7#c7       
,id5tification numb] requirem5t ,no     
cr$it %all be all[$ "u ?is section if ! 
eligible taxpay] does n include on !    
jo9t return ( tax = ! taxable ye>--     
7,a7 ! taxpay] id5tification numb] ( !  
individual & ! individual's sp\se1 &    
7,b7 ! "n1 age1 & taxpay] id5tification 
numb] ( any qualify+ *ildr54  7f7       
,taxable ye> mu/ be full taxable ye>    
,except 9 ! case ( a taxable ye> clos$  
by reason ( ! dea? ( an individual1 no  
cr$it %all be all[able "u ?is section 9 
! case ( a taxable ye> cov]+ a p]iod (  
less ?an #ab mon?s4  4  7b7 ,enhancem5t 
( e>n$ income tax cr$it ,section #cb (  
su* ,code is am5d$-- 7#a7 9 subsection  
7a77#b77;,b71 by /rik+ e>n$ income &    
ins]t+ modifi$ e>n$ income 7z def9$ 9   
subsection 7c77#e771 &  7#b7 9          
subsection 7c71 by add+ at ! end !      

foll[+ new p>agraph3  7#e7 ,modifi$ e>n$
 income ,! t]m modifi$ e>n$ income means
 an am\nt equal to ! e>n$ income ( !    
taxpay] m9us an am\nt equal to ! product
 (--  7,a7 ! am\nt ( any cr$it all[$ to 
! taxpay] "u section #be;,e = ! taxable 
ye>1 multipli$ by  7,b7 #aj4  4  7c7    
,con=m+ am5dm5t ,! table ( sections =   
subp>t ,a ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] ! item    
relat+ to section #be;,d ! foll[+3      
,sec4 #be;,e4 ,dual-e>n] families4  4   
7d7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4