,i #aagth ,,congress #b;d ,session ,h4 ,r4 #gibi ,,in ,,the ,,house ,,of ,,representatives ,june #c1 #bjbb,mrs4 ,cherfilus-,mc,cormick 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 additional recovery rebates to taxpayers4 #a4 #bjbb recovery rebates to individuals 7a7 ,in general ,subchapter ,b of chapter #fe of the ,internal ,revenue ,code of #aihf is amended by inserting after section #fdbh;,b the following new section3 #fdbh;,c4 #bjbb recovery rebates to individuals 7a7 ,in general ,in the case of an eligible individual1 there shall be allowed as a credit against the tax imposed by subtitle ,a for the first taxable year beginning in #bjbb an amount equal to the #bjbb rebate amount determined for such taxable year4 7b7 #bjbb rebate amount ,for purposes of this section1 the term #bjbb rebate amount means1 with respect to any taxpayer for any taxable year1 #ab1jjj 7#bd1jjj in the case of a joint return or surviving spouse74 7c7 ,eligible individual ,for purposes of this section1 the term eligible individual means any individual other than-- 7#a7 any nonresident alien individual1 7#b7 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 and 7#c7 an estate or trust4 7d7 ,limitation based on adjusted gross income 7#a7 ,in general ,the amount of the credit allowed by subsection 7a7 7determined without regard to this subsection and subsection 7f77 shall be reduced 7but not below zero7 by the amount which bears the same ratio to such credit 7as so determined7 as-- 7,a7 the excess of-- 7i7 the taxpayer's modified adjusted gross income for such taxable year1 over 7ii7 #ge1jjj1 bears to 7,b7 #e1jjj4 7#b7 ,special rules 7,a7 ,joint return or surviving spouse ,in the case of a joint return or a surviving spouse 7as defined in section #b7;a771 paragraph 7#a7 shall be applied by substituting #aej1jjj for #ge1jjj and #aj1jjj for #e1jjj4 7,b7 ,head of household ,in the case of a head of household 7as defined in section #b7;b771 paragraph 7#a7 shall be applied by substituting #aab1ejj for #ge1jjj and #g1ejj for #e1jjj4 7e7 ,definitions and special rules 7#a7 ,identification number requirement 7,a7 ,in general ,in the case of a return other than a joint return1 the #ab1jjj amount in subsection 7b7 shall be treated as being zero unless the taxpayer includes the valid identification number of the taxpayer on the return of tax for the taxable year4 7,b7 ,joint returns ,in the case of a joint return1 the #bd1jjj amount in subsection 7b7 shall be treated as being-- 7i7 #ab1jjj if the valid identification number of only #a spouse is included on the return of tax for the taxable year1 and 7ii7 zero if the valid identification number of neither spouse is so included4 7,c7 ,valid identification number 7i7 ,in general ,for purposes of this paragraph1 the term valid identification number means a social security number issued to an individual by the ,social ,security ,administration on or before the due date for filing the return for the taxable year4 7ii7 ,adoption taxpayer identification number ,for purposes of subparagraph 7,c71 in the case of a dependent who is adopted or placed for adoption1 the term valid identification number shall include the adoption taxpayer identification number of such dependent4 7,d7 ,special rule for members of the ,armed ,forces ,subparagraph 7,b7 shall not apply in the case where at least #a spouse was a member of the ,armed ,forces of the ,united ,states at any time during the taxable year and the valid identification number of at least #a spouse is included on the return of tax for the taxable year4 7,e7 ,coordination with certain advance payments ,in the case of any payment made pursuant to subsection 7g77#f71 a valid identification number shall be treated for purposes of this paragraph as included on the taxpayer's return of tax if such valid identification number is provided pursuant to such subsection4 7,f7 ,mathematical or clerical error authority ,any omission of a correct valid identification number required under this paragraph shall be treated as a mathematical or clerical error for purposes of applying section #fbac7;g77#b7 to such omission4 7#b7 ,credit treated as refundable ,the credit allowed by subsection 7a7 shall be treated as allowed by subpart ,c of part ,,iv of subchapter ,a of chapter #a4 7f7 ,coordination with advance refunds of credit 7#a7 ,reduction of refundable credit ,the amount of the credit which would 7but for this paragraph7 be allowable under subsection 7a7 shall be reduced 7but not below zero7 by the aggregate refunds and credits made or allowed to the taxpayer 7or any dependent of the taxpayer7 under subsection 7g74 ,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 ,except as otherwise provided by the ,secretary1 in the case of a refund or credit made or allowed under subsection 7g7 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 7g7 ,advance refunds and credits 7#a7 ,in general ,subject to paragraphs 7#e7 and 7#f71 each individual who was an eligible individual for such individual's first taxable year beginning in #bjbj shall be treated as having made a payment against the tax imposed by chapter #a for such taxable year in an amount equal to the advance refund amount for such taxable year4 7#b7 ,advance refund amount 7,a7 ,in general ,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 such taxable year if this section 7other than subsection 7f7 and this subsection7 had applied to such taxable year4 7,b7 ,treatment of deceased individuals ,for purposes of determining the advance refund amount with respect to such taxable year1 any individual who was deceased before ,january #a1 #bjbb1 shall be treated for purposes of applying subsection 7e77#c7 in the same manner as if the valid identification number of such person was not included on the return of tax for such taxable year and no amount shall be determined under subsection 7e77#c7 with respect to any dependent of the taxpayer if the taxpayer 7both spouses in the case of a joint return7 was deceased before ,january #a1 #bjbb4 7#c7 ,timing and manner of payments 7,a7 ,timing ,the ,secretary shall1 subject to the provisions of this title and consistent with rules similar to the rules of subparagraphs 7,b7 and 7,c7 of section #fdbh;,a7f77#c71 refund or credit any overpayment attributable to this subsection as rapidly as possible1 consistent with a rapid effort to make payments attributable to such overpayments electronically if appropriate4 ,no refund or credit shall be made or allowed under this subsection after ,december #ca1 #bjbb4 7#d7 ,no interest ,no interest shall be allowed on any overpayment attributable to this subsection4 7#e7 ,application to individuals who have filed a return of tax for #bjba 7,a7 ,application to #bjba returns filed at time of initial determination ,if1 at the time of any determination made pursuant to paragraph 7#c71 the individual referred to in paragraph 7#a7 has filed a return of tax for the individual's first taxable year beginning in #bjba1 paragraph 7#a7 shall be applied with respect to such individual by substituting #bjba for #bjbj4 7,b7 ,additional payment 7i7 ,in general ,in the case of any individual who files1 before the additional payment determination date1 a return of tax for such individual's first taxable year beginning in #bjba1 the ,secretary shall make a payment 7in addition to any payment made under paragraph 7#a77 to such individual equal to the excess 7if any7 of-- 7,i7 the amount which would be determined under paragraph 7#a7 7after the application of subparagraph 7,a77 by applying paragraph 7#a7 as of the additional payment determination date1 over 7,,ii7 the amount of any payment made with respect to such individual under paragraph 7#a74 7ii7 ,additional payment determination date ,the term additional payment determination date means the earlier of-- 7,i7 the date which is #ij days after the #bjba calendar year filing deadline1 or 7,,ii7 ,september #a1 #bjbb4 7iii7 #bjba calendar year filing deadline ,the term #bjbj calendar year filing deadline means the date specified in section #fjgb7;a7 with respect to returns for calendar year #bjba4 ,such date shall be determined after taking into account any period disregarded under section #gejh;,a if such disregard applies to substantially all returns for calendar year #bjba to which section #fjgb7;a7 applies4 7#f7 ,application to certain individuals who have not filed a return of tax for #bjbj or #bjba at time of determination ,in the case of any individual who1 at the time of any determination made pursuant to paragraph 7#c71 has filed a tax return for neither the year described in paragraph 7#a7 nor for the year described in paragraph 7#e77;,a71 the ,secretary shall1 consistent with rules similar to the rules of section #fdbh;,a7f77#e77;,h77i71 apply paragraph 7#a7 on the basis of information available to the ,secretary and shall1 on the basis of such information1 determine the advance refund amount with respect to such individual without regard to subsection 7d7 unless the ,secretary has reason to know that such amount would otherwise be reduced by reason of such subsection4 7#g7 ,special rule related to time of filing return ,solely for purposes of this subsection1 a return of tax shall not be treated as filed until such return has been processed by the ,internal ,revenue ,service4 7h7 ,regulations ,the ,secretary shall prescribe such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this section1 including-- 7#a7 regulations or other guidance providing taxpayers the opportunity to provide the ,secretary information sufficient to allow the ,secretary to make payments to such taxpayers under subsection 7g7 7including the determination of the amount of such payment7 if such information is not otherwise available to the ,secretary1 and 7#b7 regulations or other guidance to ensure to the maximum extent administratively practicable that1 in determining the amount of any credit under subsection 7a7 and any credit or refund under subsection 7g71 an individual is not taken into account more than once1 including by different taxpayers and including by reason of a change in joint return status or dependent status between the taxable year for which an advance refund amount is determined and the taxable year for which a credit under subsection 7a7 is determined4 7i7 ,outreach ,the ,secretary shall carry out a robust and comprehensive outreach program to ensure that all taxpayers described in subsection 7h77#a7 learn of their eligibility for the advance refunds and credits under subsection 7g71 are advised of the opportunity to receive such advance refunds and credits as provided under subsection 7h77#a71 and are provided assistance in applying for such advance refunds and credits4 4 7b7 ,treatment of certain possessions 7#a7 ,payments to possessions with mirror code tax systems ,the ,secretary of the ,treasury shall pay to each possession of the ,united ,states which has a mirror code tax system amounts equal to the loss 7if any7 to that possession by reason of the amendments made by this section4 ,such amounts shall be determined by the ,secretary of the ,treasury based on information provided by the government of the respective possession4 7#b7 ,payments to other possessions ,the ,secretary of the ,treasury shall pay to each possession of the ,united ,states which does not have a mirror code tax system amounts estimated by the ,secretary of the ,treasury as being equal to the aggregate benefits 7if any7 that would have been provided to residents of such possession by reason of the amendments made by this section if a mirror code tax system had been in effect in such possession4 ,the preceding sentence shall not apply unless the respective possession has a plan1 which has been approved by the ,secretary of the ,treasury1 under which such possession will promptly distribute such payments to its residents4 7#c7 ,coordination with credit allowed against united states income taxes ,no credit shall be allowed against ,united ,states income taxes under section #fdbh;,c of the ,internal ,revenue ,code of #aihf 7as added by this section71 nor shall any credit or refund be made or allowed under subsection 7g7 of such section1 to any person-- 7,a7 to whom a credit is allowed against taxes imposed by the possession by reason of the amendments made by this section1 or 7,b7 who is eligible for a payment under a plan described in paragraph 7#b74 7#d7 ,mirror code tax system ,for purposes of this subsection1 the term mirror code tax system means1 with respect to any possession of the ,united ,states1 the income tax system of such possession if the income tax liability of the residents of such possession under such system is determined by reference to the income tax laws of the ,united ,states as if such possession were the ,united ,states4 7#e7 ,treatment of payments ,for purposes of section #acbd of title #ca1 ,united ,states ,code1 the payments under this subsection shall be treated in the same manner as a refund due from a credit provision referred to in subsection 7b77#b7 of such section4 7c7 ,administrative provisions 7#a7 ,definition of deficiency ,section #fbaa7;b77#d77;,a7 of the ,internal ,revenue ,code of #aihf is amended by striking #fdbh1 #fdbh;,a1 and #fdbh;,b and inserting #fdbh1 #fdbh;,a1 #fdbh;,b1 and #fdbh;,c4 7#b7 ,mathematical or clerical error authority ,section #fbac7;g77#b7 of such ,code is amended-- 7,a7 by striking or section #fdbh;,a or #fdbh;,b 7relating to additional recovery rebates to individuals7 and inserting or section #fdbh;,a1 #fdbh;,b1 or #fdbh;,c1 and 7,b7 by striking #fdbh1 #fdbh;,a1 or #fdbh;,b and inserting #fdbh1 #fdbh;,a1 #fdbh;,b1 or #fdbh;,c in subparagraph 7,l74 7#c7 ,exception from reduction or offset ,any credit or refund allowed or made to any individual by reason of section #fdbh;,c of the ,internal ,revenue ,code of #aihf 7as added by this section7 or by reason of subsection 7b7 of this section shall not be-- 7,a7 subject to reduction or offset pursuant to section #cgaf or #cgbj;,a of title #ca1 ,united ,states ,code1 7,b7 subject to reduction or offset pursuant to subsection 7c71 7d71 7e71 or 7f7 of section #fdjb of the ,internal ,revenue ,code of #aihf1 or 7,c7 reduced or offset by other assessed ,federal taxes that would otherwise be subject to levy or collection4 7#d7 ,assignment of benefits 7,a7 ,in general ,the right of any person to any applicable payment shall not be transferable or assignable1 at law or in equity1 and no applicable payment shall be subject to1 execution1 levy1 attachment1 garnishment1 or other legal process1 or the operation of any bankruptcy or insolvency law4 7,b7 ,encoding of payments ,in the case of an applicable payment described in subparagraph 7,e77iii77,i7 that is paid electronically by direct deposit through the ,automated ,clearing ,house 7,,ach7 network1 the ,secretary of the ,treasury 7or the ,secretary's delegate7 shall-- 7i7 issue the payment using a unique identifier that is reasonably sufficient to allow a financial institution to identify the payment as an applicable payment1 and 7ii7 further encode the payment pursuant to the same specifications as required for a benefit payment defined in section #bab4c of title #ca1 ,code of ,federal ,regulations4 7,c7 ,garnishment 7i7 ,encoded payments ,in the case of a garnishment order that applies to an account that has received an applicable payment that is encoded as provided in subparagraph 7,b71 a financial institution shall follow the requirements and procedures set forth in part #bab of title #ca1 ,code of ,federal ,regulations1 except-- 7,i7 notwithstanding section #bab4d of title #ca1 ,code of ,federal ,regulations 7and except as provided in subclause 7,,ii771 a financial institution shall not fail to follow the procedures of sections #bab4e and #bab4f of such title with respect to a garnishment order merely because such order has attached1 or includes1 a notice of right to garnish ,federal benefits issued by a ,state child support enforcement agency1 and 7,,ii7 a financial institution shall not1 with regard to any applicable payment1 be required to provide the notice referenced in sections #bab4f and #bab4g of title #ca1 ,code of ,federal ,regulations4 7ii7 ,other payments ,if a financial institution receives a garnishment order 7other than an order that has been served by the ,united ,states71 that has been received by a financial institution and that applies to an account into which an applicable payment that has not been encoded as provided in subparagraph 7,b7 has been deposited electronically or by an applicable payment that has been deposited by check on any date in the lookback period1 the financial institution1 upon the request of the account holder1 shall treat the amount of the funds in the account at the time of the request1 up to the amount of the applicable payment 7in addition to any amounts otherwise protected under part #bab of title #ca1 ,code of ,federal ,regulations71 as exempt from a garnishment order without requiring the consent of the party serving the garnishment order or the judgment creditor4 7iii7 ,liability ,a financial institution that acts in good faith in reliance on clauses 7i7 or 7ii7 shall not be subject to liability or regulatory action under any ,federal or ,state law1 regulation1 court or other order1 or regulatory interpretation for actions concerning any applicable payments4 7,d7 ,preservation of reclamation rights ,this paragraph shall not alter the status of applicable payments as tax refunds or other nonbenefit payments for purpose of any reclamation rights of the ,department of the ,treasury or the ,internal ,revenue ,service as per part #baj of title #ca1 ,code of ,federal ,regulations4 7,e7 ,definitions ,for purposes of this paragraph-- 7i7 ,account holder ,the term account holder means a natural person whose name appears in a financial institution's records as the direct or beneficial owner of an account4 7ii7 ,account review ,the term account review means the process of examining deposits in an account to determine if an applicable payment has been deposited into the account during the lookback period4 ,the financial institution shall perform the account review following the procedures outlined in section #bab4e of title #ca1 ,code of ,federal ,regulations and in accordance with the requirements of section #bab4f of title #ca1 ,code of ,federal ,regulations4 7iii7 ,applicable payment ,the term applicable payment means-- 7,i7 any advance refund amount paid pursuant to section #fdbh;,c7g7 of ,internal ,revenue ,code of #aihf 7as added by this section71 7,,ii7 any payment made by a possession of the ,united ,states with a mirror code tax system 7as defined in subsection 7b7 of this section7 pursuant to such subsection which corresponds to a payment described in subclause 7,i71 and 7,,iii7 any payment made by a possession of the ,united ,states without a mirror code tax system 7as so defined7 pursuant to subsection 7b7 of this section4 7iv7 ,garnishment ,the term garnishment means execution1 levy1 attachment1 garnishment1 or other legal process4 7v7 ,garnishment order ,the term garnishment order means a writ1 order1 notice1 summons1 judgment1 levy1 or similar written instruction issued by a court1 a ,state or ,state agency1 a municipality or municipal corporation1 or a ,state child support enforcement agency1 including a lien arising by operation of law for overdue child support or an order to freeze the assets in an account1 to effect a garnishment against a debtor4 7vi7 ,lookback period ,the term lookback period means the two-month period that begins on the date preceding the date of account review and ends on the corresponding date of the month two months earlier1 or on the last date of the month two months earlier if the corresponding date does not exist4 7#e7 ,agency information sharing and assistance 7,a7 ,in general ,the ,commissioner of ,social ,security1 the ,railroad ,retirement ,board1 and the ,secretary of ,veterans ,affairs shall each provide the ,secretary of the ,treasury 7or the ,secretary's delegate7 such information and assistance as the ,secretary of the ,treasury 7or the ,secretary's delegate7 may require for purposes of-- 7i7 making payments under section #fdbh;,c7g7 of the ,internal ,revenue ,code of #aihf to individuals described in paragraph 7#f7 thereof1 or 7ii7 providing administrative assistance to a possession of the ,united ,states 7as defined in subsection 7c77#c77;,a77 to allow such possession to promptly distribute payments under subsection 7c7 to its residents4 7,b7 ,exchange of information with possessions ,any information provided to the ,secretary of the ,treasury 7or the ,secretary's delegate7 pursuant to subparagraph 7,a77ii7 may be exchanged with a possession of the ,united ,states in accordance with the applicable tax coordination agreement for information exchange and administrative assistance that the ,internal ,revenue ,service has agreed to with such possession4 7#f7 ,conforming amendments 7,a7 ,paragraph 7#b7 of section #acbd7;b7 of title #ca1 ,united ,states ,code1 is amended by inserting #fdbh;,c1 after #fdbh;,b14 7,b7 ,the table of sections for subchapter ,b of chapter #fe of the ,internal ,revenue ,code of #aihf is amended by inserting after the item relating to section #fdbh;,b the following new item3 ,sec4 #fdbh;,c4 #bjbb recovery rebates to individuals4 4 7d7 ,reports to ,congress ,each week beginning after the date of the enactment of this ,act and beginning before ,december #ca1 #bjbb1 on ,friday of such week1 not later than #c p4m4 eastern time1 the ,secretary of the ,treasury shall provide a written report to the ,committee on ,ways and ,means of the ,house of ,representatives and the ,committee on ,finance of the ,senate4 ,such report shall include the following information with respect to payments made pursuant to section #fdbh;,c of the ,internal ,revenue ,code of #aihf3 7#a7 ,the number of scheduled payments sent to the ,bureau of ,fiscal ,service for payment by direct deposit or paper check for the following week 7stated separately for direct deposit and paper check74 7#b7 ,the total dollar amount of the scheduled payments described in paragraph 7#a74 7#c7 ,the number of direct deposit payments returned to the ,department of the ,treasury and the total dollar value of such payments1 for the week ending on the day prior to the day on which the report is provided4 7#d7 ,the total number of letters related to payments under section #fdbh;,c of such ,code mailed to taxpayers during the week ending on the day prior to the day on which the report is provided4