,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #dafa  ,,in ,,the ,,house ,,of  
,,representatives  ,october #bg1        
#bjag,mr4 ,gottheimer 7for himself and  
,mr4 ,lance7 introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide for payments 
to residents of ,states for which the   
,federal tax burden exceeds the ,federal
 outlays received4  #a4 ,short title    
,this ,act may be cited as the ,return  
on ,investment ,accountability ,act4    
#b4 ,payor ,state credit amount for     
individuals  7a7 ,in general ,subchapter
 ,b of chapter #fe of the ,internal     
,revenue ,code of #aihf is amended by   
inserting after section #fdbg the       
following new section3  #fdbh4 ,payor   
,state credit amount for individuals    
7a7 ,in general ,there shall be allowed 
to the taxpayer with respect to each    
eligible individual as a credit against 
the tax imposed by subtitle ,a for a    

taxable year an amount equal to the     
individual payor ,state amount4  7b7    
,individual payor ,state amount ,for    
purposes of this section-- 7#a7 ,in     
general ,the term individual payor      
,state amount means the amount that is  
the same proportion of the payor ,state 
amount as the ratio that one bears to   
all eligible individuals of the ,state  
for the calendar year preceding the     
calendar year in which the taxable year 
begins4  7#b7 ,payor ,state amount ,the 
term payor ,state amount means the      
amount equal to the excess 7if any7 of--
 7,a7 the ,federal tax burden of the    
,state for the calendar year preceding  
the calendar year in which the taxable  
year begins1 over  7,b7 the ,federal    
outlays received by the ,state for such 
preceding calendar year for the calendar
 year preceding the calendar year in    
which the taxable year begins4  7#c7    
,federal tax burden and ,federal outlays
  7,a7 ,in general ,the ,secretary shall
 calculate the ,federal tax burden of   

each ,state for each calendar year and  
the ,federal outlays received by the    
,state for the calendar year4  7,b7     
,federal tax burden ,for purposes of    
subparagraph 7,a71 the ,secretary       
shall-- 7i7 treat all ,federal taxes    
paid by eligible individuals as a burden
 on the ,state in which such individual 
resides2 and  7ii7 treat all ,federal   
taxes paid by a legal business entity as
 a burden on the ,state in which        
economic activity of such entity is     
performed in the same proportion that   
the economic activity of such entity in 
such ,state bears to the economic       
activity of such entity in all the      
,states4  7,c7 ,federal outlays ,for    
purposes of subparagraph 7,a71 a        
,federal contract award shall be treated
 as a ,federal outlay received by each  
,state in which performance under the   
award takes place in the same proportion
 that such performance in such ,state   
bears to such performance in all the    
,states4  7#d7 ,eligible individual     

7,a7 ,in general ,the term eligible     
individual means any individual who is--
 7i7 the taxpayer1 the spouse of the    
taxpayer1 or a dependent of the         
taxpayer1  7ii7 a citizen of the ,united
 ,states or lawfully present in the     
,united ,states1 and  7iii7 a resident  
of the payor ,state for more than half  
of the taxable year4  7,b7 ,exception   
,the term eligible individual does not  
include-- 7i7 any individual with       
respect to whom a deduction under       
section #aea is allowable to another    
taxpayer for a taxable year beginning in
 the calendar year in which the         
individual's taxable year begins1 or    
7ii7 an estate or trust4  7c7 ,treatment
 of credit ,the credit allowed by       
subsection 7a7 shall be treated as      
allowed by subpart ,c of part ,,iv of   
subchapter ,a of chapter #a4  7d7       
,coordination with advance refunds of   
credit  7#a7 ,in general ,the amount of 
credit which would 7but for this        
paragraph7 be allowable under this      

section shall be reduced 7but not below 
zero7 by the aggregate refunds and      
credits made or allowed to the taxpayer 
under subsection 7e74 ,any failure to so
 reduce the credit shall be treated as  
arising out of a mathematical or        
clerical error and assessed according to
 section #fbac7;b77#a74  7#b7 ,joint    
returns ,in the case of a refund or     
credit made or allowed under subsection 
7e7 with respect to a joint return1 half
 of such refund or credit shall be      
treated as having been made or allowed  
to each individual filing such return4  
7e7 ,advance refunds and credits  7#a7  
,in general ,each individual who was an 
eligible individual for a calendar year 
shall be treated as having made a       
payment against the tax imposed by      
chapter #a for such first taxable year  
in an amount equal to the advance refund
 amount for such taxable year4  7#b7    
,advance refund amount ,for purposes of 
paragraph 7#a71 the advance refund      
amount is the amount that would have    

been allowed as a credit under this     
section for the taxable year in which   
the calendar year begins 7other than    
subsection 7d7 and this subsection7 had 
applied to such taxable year4  7#c7 ,no 
interest ,no interest shall be allowed  
on any overpayment attributable to this 
section4  7f7 ,identification number    
requirement  7#a7 ,in general ,no credit
 shall be allowed under subsection 7a7  
to an eligible individual who does not  
include on the return of tax for the    
taxable year--  7,a7 such individual's  
valid identification number1 and  7,b7  
in the case of a joint return1 the valid
 identification number of such          
individual's spouse4  7#b7 ,valid       
identification number ,for purposes of  
paragraph 7#a71 the term valid          
identification number means a social    
security number issued to an individual 
by the ,social ,security                
,administration4 ,such term shall not   
include a ,,tin issued by the ,internal 
,revenue ,service4  4  7b7              

,administrative amendments  7#a7        
,definition of deficiency ,section      
#fbaa7;b77#d77;,a7 of such ,code is     
amended by inserting #fdbh1 after       
#afh7k77#d714  7#b7 ,mathematical or    
clerical error authority ,section       
#fbac7;g77#b7 of such ,code is amended  
by striking and at the end of           
subparagraph 7,p71 by striking the      
period at the end of subparagraph 7,r7  
and inserting 1 and1 and by inserting   
after subparagraph 7,r7 the following3  
7,s7 an omission of information required
 under section #fdbh7;f7 to be included 
on a return4  4  7c7 ,conforming        
amendments  7#a7 ,paragraph 7#b7 of     
section #acbd7;b7 of title #ca1 ,united 
,states ,code1 is amended by inserting  
#fdbh1 before or #fdca4  7#b7 ,the table
 of sections for subchapter ,b of       
chapter #fe of such ,code is amended by 
inserting after the item relating to    
section #fdbg the following new item3   
,sec4 #fdbh4 ,payor ,state credit amount
 for individuals4  4  7d7 ,effective    

date ,the amendments made by this       
section shall apply to taxable years    
beginning after one year after the date 
of the enactment of this ,act4