,,ii  #aafth ,,congress  #ast ,session  
,s4 #bfig  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,october #bd1  
#bjai,mr4 ,scott of ,florida introduced 
the following bill2 which was read twice
 and referred to the ,committee on      
,finance  ,a ,,bill  ,to amend the      
,internal ,revenue ,code of #aihf to    
establish a refundable tax credit to    
return revenue raised from tariffs      
against ,chinese imports to the         
,american people4  #a4 ,short title     
,this ,act may be cited as the ,tariff  
,tax ,credit ,act of #bjai4  #b4        
,refundable tariff rebate credit  7a7   
,in general ,subpart ,c of part ,,iv of 
subchapter ,a of chapter #a of subtitle 
,a of the ,internal ,revenue ,code of   
#aihf is amended by inserting after     
section #cf;,b the following new        
section3  #cf;,c4 ,tariff rebate credit 
7a7 ,in general ,in the case of an      
eligible individual1 there shall be     
allowed as a credit against the tax     
imposed by this subtitle for the taxable

 year an amount equal to the applicable 
amount for such taxable year4  7b7      
,eligible individual  7#a7 ,in general  
,for purposes of this section1 the term 
eligible individual means an individual 
who1 with respect to any taxable year   
ending with or within a calendar year1  
has filed a ,federal income tax return  
not later than ,october #ae of the      
succeeding calendar year4  7#b7         
,exception ,the term eligible individual
 shall not include1 with respect to any 
taxable year-- 7,a7 any estate or trust1
  7,b7 any nonresident alien individual 
or any alien who is not authorized for  
employment in the ,united ,states1 or   
7,c7 any individual who is a dependent  
for whom a deduction is allowable under 
section #aea to another taxpayer for    
such taxable year4  7c7 ,applicable     
amount  7#a7 ,determination ,not later  
than ,march #a1 #bjbj1 and every #ab    
months thereafter1 the ,secretary       
shall-- 7,a7 determine the total amount 
collected pursuant to duties imposed on 

goods imported from the ,people's       
,republic of ,china under section #cja  
of the ,trade ,act of #aigd 7#ai        
,u4,s4,c4 #bdaa7 during the preceding   
calendar year1 and  7,b7 estimate the   
number of eligible individuals that will
 file a ,federal income tax return for  
the taxable year ending with or within  
the calendar year described in          
subparagraph 7,a74  7#b7 ,calculation   
7,a7 ,in general ,for purposes of this  
section1 the applicable amount for each 
taxable year shall be an amount equal to
 the quotient obtained by dividing--    
7i7 the amount described in paragraph   
7#a77;,a7 for the calendar year in which
 such taxable year ends1 by  7ii7 the   
amount described in paragraph 7#a77;,b7 
for such taxable year4  7,b7 ,rounding  
,any amount determined under            
subparagraph 7,a7 shall be rounded down 
to the next whole dollar amount4  7#c7  
,special rule ,in the case of any       
taxable year beginning after ,december  
#ca1 #bjah1 and ending before ,january  

#a1 #bjbj1 the amount under paragraph   
7#b77;,a77i7 shall be equal to the sum  
of the amounts determined under         
paragraph 7#a77;,a7 for calendar years  
#bjah and #bjai4  4  7b7 ,conforming    
amendments  7#a7 ,the table of sections 
for subpart ,c of part ,,iv of          
subchapter ,a of chapter #a of subtitle 
,a of the ,internal ,revenue ,code of   
#aihf is amended by inserting after the 
item relating to section #cf;,b the     
following3  ,sec4 #cf;,c4 ,tariff rebate
 credit4  4  7#b7 ,section              
#fbaa7;b77#d77;,a7 of such ,code is     
amended by striking and #cf;,b1         
#afh7k77#d7 and inserting #cf;,b1 and   
#cf;,c4  7#c7 ,paragraph 7#b7 of section
 #acbd7;b7 of title #ca1 ,united ,states
 ,code1 is amended by inserting #cf;,c1 
after #cf;,b14  7c7 ,authorization of   
appropriations ,there are authorized to 
be appropriated such sums as may be     
necessary to administer section #cf;,c  
of the ,internal ,revenue ,code of #aihf
 7as added by subsection 7a774  7d7     

,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjah4