,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #ibh  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,febru>y #h1 #bjba,ms4
 ,de,lauro 7= h]self1 ,ms4 ,del,bene1   
,mr4 ,torres ( ,new ,york1 ,mr4 ,smi? ( 
,wa%+ton1 ,ms4 ,s*ak[sky1 ,ms4          
,bonamici1 ,mr4 ,c>son1 ,mr4 ,hors=d1   
,mrs4 ,beatty1 ,mrs4 ,dem+s1 ,mr4       
,l[5?al1 ,mr4 ,mi*ael ,f4 ,doyle (      
,p5nsylvania1 ,ms4 ,lee ( ,cali=nia1    
,mrs4 ,luria1 ,mr4 ,gallego1 ,mrs4      
,c>olyn ,b4 ,maloney ( ,new ,york1 ,mr4 
,ha/+s1 ,ms4 ,norton1 ,ms4 ,scanlon1    
,mr4 ,panetta1 ,mr4 ,evans1 ,mr4        
,connolly1 ,mr4 ,mal9[ski1 ,ms4 ,dean1  
,mr4 ,lieu1 ,mr4 ,g>ca ( ,ill9ois1 ,mr4 
,s>banes1 ,mr4 ,de,fazio1 ,mr4 ,kilm]1  
,mr4 ,mc,govern1 ,ms4 ,wass]man ,s*ultz1
 ,ms4 ,p+ree1 ,ms4 ,b>ragn1 ,mr4        
,doggett1 ,ms4 ,roybal-,all>d1 ,mr4     
,blum5au]1 ,mr4 ,b[man1 ,mr4 ,wel*1 ,mr4
 ,danny ,k4 ,davis ( ,ill9ois1 ,ms4     
,l(gr51 ,mr4 ,butt]field1 ,mrs4 ,hayes1 
,mrs4 ,kirkpatrick1 ,mrs4 ,watson       
,coleman1 ,mr4 ,sires1 ,mr4 ,coh51 ,mr4 

,soto1 ,mr4 ,langev91 ,ms4 ,s*ri]1 ,ms4 
,m5g1 ,mr4 ,grijalva1 ,ms4 ,jackson     
,lee1 ,ms4 ,escob>1 ,ms4 ,cl>k (        
,massa*usetts1 ,mr4 ,c\rtney1 ,ms4      
,ross1 ,ms4 ,%]rill1 ,ms4 ,br[nley1 ,ms4
 ,h\lahan1 ,mr4 ,cr[1 ,mr4 ,lyn*1 ,mr4  
,tonko1 ,mr4 ,keat+1 ,mr4 ,coop]1 ,ms4  
,ocasio-,cortez1 ,mr4 ,morelle1 ,mr4    
,espaillat1 ,ms4 ,matsui1 ,mr4 ,trone1  
,mr4 ,mc,nerney1 ,mr4 ,price ( ,nor?    
,c>ol9a1 ,ms4 ,wild1 ,ms4 ,de,gette1    
,ms4 ,kelly ( ,ill9ois1 ,mr4 ,meeks1    
,mr4 ,sablan1 ,mr4 ,l>son (             
,connecticut1 ,ms4 ,spei]1 ,mr4 ,higg9s 
( ,new ,york1 ,mr4 ,pocan1 ,mr4 ,crd5as1
 ,mr4 ,v>gas1 ,ms4 ,sewell1 ,ms4 ,mann+1
 ,miss ,rice ( ,new ,york1 ,mr4         
,c>bajal1 ,mr4 ,cuell>1 ,mr4 ,david     
,scott ( ,georgia1 ,ms4 ,leg] ,f]n&ez1  
,mr4 ,suozzi1 ,mr4 ,jones1 ,ms4 ,sn*ez1 
,ms4 ,craig1 ,ms4 ,g>cia ( ,texas1 ,ms4 
,moore ( ,wiscons91 ,mr4 ,veasey1 ,mr4  
,nadl]1 ,mr4 ,fo/]1 ,mr4 ,takano1 ,mr4  
,y>mu?1 ,mr4 ,johnson ( ,georgia1 ,ms4  
,bass1 ,mr4 ,pallone1 ,ms4 ,titus1 ,ms4 

,blunt ,ro*e/]1 ,ms4 ,om>1 ,ms4 ,tlaib1 
,ms4 ,ku/]1 ,ms4 ,lois ,frankel (       
,florida1 ,mr4 ,%]man1 ,mr4 ,ryan1 ,mrs4
 ,lawr5ce1 ,mr4 ,de,saulnier1 ,mrs4     
,trahan1 ,mr4 ,lawson ( ,florida1 ,ms4  
,wilson ( ,florida1 ,mr4 ,kahele1 ,mrs4 
,napolitano1 ,ms4 ,williams ( ,georgia1 
,mr4 ,khanna1 ,mr4 ,payne1 ,ms4 ,cl>ke (
 ,new ,york1 ,ms4 ,/rickl&1 ,ms4 ,jacobs
 ( ,cali=nia1 ,ms4 ,kaptur1 ,mr4        
,o',hall]an1 ,mr4 ,jeffries1 ,mr4       
,neguse1 ,mr4 ,l>s5 ( ,wa%+ton1 ,ms4    
,*u1 ,mr4 ,c>twright1 ,ms4 ,mc,collum1  
,ms4 ,velzquez1 ,mr4 ,sean ,patrick     
,maloney ( ,new ,york1 ,mr4 ,kildee1    
,mr4 ,hoy]1 ,mr4 ,co/a1 ,mr4 ,lev9 (    
,cali=nia1 ,mr4 ,au*9closs1 ,mr4 ,bey]1 
,ms4 ,newman1 ,mr4 ,rask91 ,ms4 ,ca/or (
 ,florida1 ,mr4 ,gomez1 ,ms4 ,jayapal1  
,mr4 ,himes1 ,mr4 ,m\lton1 ,mr4 ,ca/51  
,mrs4 ,d+ell1 ,mr4 ,br[n1 ,mrs4 ,torres 
( ,cali=nia1 ,mr4 ,huffman1 ,ms4        
,plaskett1 ,mr4 ,pascrell1 ,mr4         
,quigley1 ,mr4 ,scott ( ,virg9ia1 & ,ms4
 ,e%oo7 introduc$ ! foll[+ bill2 :i* 0  

ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to make ! *ild tax cr$it 
fully refundable1 e/abli% an increas$   
*ild tax cr$it = "y *ildr51 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,am]ican ,family ,act (    
#bjba4  #b4 ,e/abli%m5t ( fully         
refundable *ild tax cr$it  7a7          
,elim9ation ( exi/+ *ild tax cr$it      
,subp>t ,a ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( subtitle ,a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
section #bd4  7b7 ,e/abli%m5t ( fully   
refundable *ild tax cr$it ,subp>t ,c (  
"p ,,iv ( sub*apt] ,a ( *apt] #a (      
subtitle ,a ( su* ,code is am5d$ by     
ins]t+ aft] section #cf;,b ! foll[+ new 
section3  #cf;,c4 ,*ild tax cr$it  7a7  
,all[ance ( cr$it ,9 ! case ( an        
eligible individual1 !re %all be all[$ z
 a cr$it aga9/ ! tax impos$ by ?is *apt]
 = ! taxable ye> an am\nt equal to ! sum
 (-- 7#a7 ) respect to ea* qualify+ *ild
 ( ! taxpay] :o has atta9$ #f ye>s ( age

 be=e ! close ( su* taxable ye> & = :i* 
! taxpay] is all[$ a d$uction "u section
 #aea1 an am\nt equal to #c1jjj1 &  7#b7
 ) respect to ea* qualify+ *ild ( !     
taxpay] :o has n atta9$ #f ye>s ( age   
be=e ! close ( su* taxable ye> & = :i* !
 taxpay] is all[$ a d$uction "u section 
#aea1 an am\nt equal to #abj p]c5t ( !  
doll> am\nt 9 p>agraph 7#a74  7b7       
,limitation  7#a7 ,9 g5]al ,! am\nt ( ! 
cr$it all[able "u subsection 7a7 %all be
 r$uc$ 7b n bel[ z]o7 by ! applicable   
am\nt = ea* #a1jjj 7or fraction !re(7 by
 :i* ! taxpay]'s modifi$ adju/$ gross   
income exce$s ! ?re%old am\nt4 ,=       
purposes ( ! prec$+ s5t5ce1 ! t]m       
modifi$ adju/$ gross income means adju/$
 gross income increas$ by any am\nt     
exclud$ f gross income "u section #iaa1 
#ica1 or #icc4  7#b7 ,?re%old am\nt     
7,a7 ,9 g5]al ,= purposes ( p>agraph    
7#a71 ! t]m ?re%old am\nt means-- 7i7   
#ahj1jjj 9 ! case ( a jo9t return1  7ii7
 #acj1jjj 9 ! case ( an individual :o is
 n m>ri$1 &  7iii7 #ij1jjj 9 ! case ( a 

m>ri$ individual fil+ a sep>ate return4 
7,b7 ,m>ital /atus ,= purposes ( ?is    
p>agraph1 m>ital /atus %all be det]m9$  
"u section #ggjc4  7#c7 ,applicable     
am\nt ,= purposes ( p>agraph 7#a71 ! t]m
 applicable am\nt means an am\nt equal  
to ! quoti5t (-- 7,a7 ! am\nt ( ! cr$it 
all[able "u subsection 7a71 z det]m9$   
)\t reg>d to ?is subsection1 divid$ by  
7,b7 an am\nt equal to ! product (-- 7i7
 #bj1 multipli$ by  7ii7 ! total numb] (
 qualify+ *ildr5 ( ! taxpay]4  7c7      
,qualify+ *ild ,= purposes ( ?is        
section-- 7#a7 ,9 g5]al ,! t]m qualify+ 
*ild means a qualify+ *ild ( ! taxpay]  
7z def9$ 9 section #aeb7;c77 :o has n   
atta9$ #ah ye>s ( age4  7#b7 ,exception 
= c]ta9 non-citiz5s ,! t]m qualify+ *ild
 %all n include any individual :o w\ld n
 be a dep5d5t if subp>agraph 7,a7 (     
section #aeb7;b77#c7 7 appli$ )\t reg>d 
to all t foll[s resid5t ( ! ,unit$      
,/ates4  7d7 ,eligible individual ,=    
purposes ( ?is section1 ! t]m eligible  
individual means1 ) respect to any      

taxable ye>1 any individual if su*      
individual's pr9cipal place ( abode is 9
 ! ,unit$ ,/ates 7z det]m9$ "u section  
#cb7;c77#d77 = m ?an "o-half ( su*      
taxable ye>4  7e7 ,inflation adju/m5t   
7#a7 ,9 g5]al ,9 ! case ( any taxable   
ye> beg9n+ aft] #bjba1 ! #c1jjj am\nt 9 
subsection 7a77#a7 %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 p>agraph 7#b7 = !   
cal5d> ye> 9 :i* ! taxable ye> beg9s4   
7#b7 ,co/-(-liv+ adju/m5t ,= purposes ( 
p>agraph 7#a71 ! co/-(-liv+ adju/m5t =  
any cal5d> ye> is ! p]c5tage 7if any7 by
 :i*-- 7,a7 ! ,,cpi = ! prec$+ cal5d>   
ye> 7z det]m9$ pursuant to section      
#a7;f77#d771 exce$s  7,b7 ! ,,cpi =     
cal5d> ye> #bjbj4  7#c7 ,r\nd+ ,if any  
increase det]m9$ "u p>agraph 7#a7 is n a
 multiple ( #ej1 su* increase %all be   
r\nd$ to ! ne>e/ multiple ( #ej4  7f7   
,p>tial non-,refundable cr$it all[$ =   
c]ta9 o!r dep5d5ts  7#a7 ,9 g5]al ,9 !  
case ( a taxable ye> beg9n+ aft]        

,decemb] #ca1 #bjbj1 & be=e ,janu>y #a1 
#bjbf1 ! aggregate cr$its all[$ to a    
taxpay] "u subp>t ,a %all be increas$ by
 #ejj = ea* dep5d5t ( ! taxpay] 7z def9$
 9 section #aeb7 o!r ?an a qualify+ *ild
 describ$ 9 subsection 7c74 ,! am\nt ( !
 cr$it all[$ "u ?is subsection %all n be
 treat$ z a cr$it all[$ "u ?is subp>t4  
7#b7 ,exception = c]ta9 noncitiz5s      
,p>agraph 7#a7 %all n apply ) respect to
 any individual :o w\ld n be a dep5d5t  
if subp>agraph 7,a7 ( section           
#aeb7;b77#c7 7 appli$ )\t reg>d to all t
 foll[s resid5t ( ! ,unit$ ,/ates4  7#c7
 ,limitation  7,a7 ,9 g5]al ,! am\nt ( !
 cr$it all[able "u p>agraph 7#a7 %all be
 r$uc$ 7b n bel[ z]o7 by #ej = ea*      
#a1jjj 7or fraction !re(7 by :i* !      
taxpay]'s modifi$ adju/$ gross income   
exce$s ! ?re%old am\nt4  7,b7 ,modifi$  
adju/$ gross income ,= purposes (       
subp>agraph 7,a71 ! t]m modifi$ adju/$  
gross income means adju/$ gross income  
increas$ by any am\nt exclud$ f gross   
income "u section #iaa1 #ica1 or #icc4  

7,c7 ,?re%old am\nt  7i7 ,9 g5]al ,=    
purposes ( subp>agraph 7,a71 ! t]m      
?re%old am\nt means-- 7,i7 #bjj1jjj 9 ! 
case ( a jo9t return1  7,,ii7 #aej1jjj 9
 ! case ( an individual :o is n m>ri$1 &
  7,,iii7 #ajj1jjj 9 ! case ( a m>ri$   
individual fil+ a sep>ate return4  7ii7 
,m>ital /atus ,= purposes ( ?is         
subp>agraph1 m>ital /atus %all be       
det]m9$ "u section #ggjc4  7g7          
,id5tification requirem5ts  7#a7        
,qualify+ *ild & dep5d5t id5tification  
requirem5t ,no cr$it %all be all[$ "u   
?is section to a taxpay] ) respect to   
any qualify+ *ild or dep5d5t unless !   
taxpay] includes ! "n & taxpay]         
id5tification numb] ( su* qualify+ *ild 
or dep5d5t on ! return ( tax = ! taxable
 ye> & su* taxpay] id5tification numb] 0
 issu$ on or be=e ! due date = fil+ su* 
return4  7#b7 ,taxpay] id5tification    
requirem5t ,no cr$it %all be all[$ "u   
?is section if ! taxpay] id5tification  
numb] ( ! taxpay] 0 issu$ aft] ! due    
date = fil+ ! return = ! taxable ye>4   

7h7 ,taxable ye> mu/ be full taxable ye>
 ,except 9 ! case ( a taxable ye> clos$ 
by reason ( ! dea? ( ! taxpay]1 no cr$it
 %all be all[able "u ?is section 9 !    
case ( a taxable ye> cov]+ a p]iod (    
less ?an #ab mon?s4  7i7 ,re/rictions on
 taxpay]s :o improp]ly claim$ cr$it 9   
prior ye>  7#a7 ,taxpay]s mak+ prior    
fraudul5t or reckless claims  7,a7 ,9   
g5]al ,no cr$it %all be all[$ "u ?is    
section = any taxable ye> 9 !           
disall[ance p]iod4  7,b7 ,disall[ance   
p]iod ,= purposes ( subp>agraph 7,a71 ! 
disall[ance p]iod is-- 7i7 ! p]iod ( #aj
 taxable ye>s aft] ! mo/ rec5t taxable  
ye> = :i* !re 0 a f9al det]m9ation t !  
taxpay]'s claim ( cr$it "u ?is section 0
 due to fraud1 &  7ii7 ! p]iod ( #b     
taxable ye>s aft] ! mo/ rec5t taxable   
ye> = :i* !re 0 a f9al det]m9ation t !  
taxpay]'s claim ( cr$it "u ?is section 0
 due to reckless or int5tional disreg>d 
( rules & regulations 7b n due to       
fraud74  7#b7 ,taxpay]s mak+ improp]    
prior claims ,9 ! case ( a taxpay] :o is

 d5i$ cr$it "u ?is section = any taxable
 ye> z a result ( ! defici5cy proc$ures 
"u sub*apt] ,b ( *apt] #fc1 no cr$it    
%all be all[$ "u ?is section = any      
subsequ5t taxable ye> unless ! taxpay]  
provides su* in=mation z ! ,secret>y may
 require to demon/rate eligibility = su*
 cr$it4  7j7 ,reconciliation ( cr$it &  
advance cr$it  7#a7 ,9 g5]al ,! am\nt ( 
! cr$it all[$ "u ?is section to any     
taxpay] = any taxable ye> %all be r$uc$ 
7b n bel[ z]o7 by ! aggregate am\nt (   
paym5ts made "u section #gebg;,a to su* 
taxpay] dur+ su* taxable ye>4  7#b7     
,excess advance paym5ts ,if ! aggregate 
am\nt ( paym5ts "u section #gebg;,a to !
 taxpay] dur+ ! taxable ye> exce$s !    
am\nt ( ! cr$it all[$ "u ?is section to 
su* taxpay] = su* taxable ye> 7det]m9$  
)\t reg>d to p>agraph 7#a771 ! tax      
impos$ by ?is *apt] = su* taxable ye>   
%all be increas$ by ! am\nt ( su*       
excess4  4  7c7 ,advance paym5t ( cr$it 
,*apt] #gg ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ by ins]t+ aft] section   

#gebg ! foll[+ new section3  #gebg;,a4  
,advance paym5t ( *ild tax cr$it  7a7 ,9
 g5]al ,z soon z practicable aft] ! date
 ( ! enactm5t ( ?is section1 ! ,secret>y
 %all e/abli% a program = mak+ mon?ly   
paym5ts to taxpay]s :i*1 9 ! aggregate  
dur+ any cal5d> ye>1 equal ! annual     
advance am\nt det]m9$ ) respect to su*  
taxpay] = su* cal5d> ye>4  7b7 ,annual  
advance am\nt ,= purposes ( ?is         
section-- 7#a7 ,9 g5]al ,except z       
o!rwise provid$ 9 ?is subsection1 ! t]m 
annual advance am\nt means1 ) respect to
 any taxpay] = any cal5d> ye>1 ! am\nt (
 ! cr$it :i* w\ld be all[$ to su*       
taxpay] "u section #cf;,c7a7 7det]m9$   
)\t reg>d to subsection 7j7 !re(7 = !   
taxpay]'s taxable ye> beg9n+ 9 su*      
cal5d> ye> if-- 7,a7 ! taxpay]'s modifi$
 adju/$ gross income = su* taxable ye> 7
 equal to ! taxpay]'s modifi$ adju/$    
gross income = ! ref]5ce taxable ye>1   
7,b7 ! only qualify+ *ildr5 ( su*       
taxpay] are qualify+ *ildr5 prop]ly     
claim$ on ! taxpay]'s return ( tax = !  

ref]5ce taxable ye>1 &  7,c7 ! age ( su*
 qualify+ *ildr5 is det]m9$ = su*       
taxable ye> by tak+ into acc\nt !       
passage ( "t s9ce ! ref]5ce taxable ye>4
  7#b7 ,ref]5ce taxable ye> ,except z   
provid$ 9 p>agraph 7#c77;,a71 ! t]m     
ref]5ce taxable ye> means1 ) respect to 
any taxpay] = any cal5d> ye>1 !         
taxpay]'s taxable ye> beg9n+ 9 ! prec$+ 
cal5d> ye> or1 9 ! case ( taxpay] :o did
 n file a return ( tax = su* taxable    
ye>1 ! taxpay]'s taxable ye> beg9n+ 9 ! 
second prec$+ cal5d> ye>4  7#c7         
,modifications dur+ cal5d> ye> ,!       
,secret>y may modify1 dur+ any cal5d>   
ye>1 ! annual advance am\nt ) respect to
 any taxpay] = su* cal5d> ye> to take   
into acc\nt-- 7,a7 a return ( tax fil$  
by su* taxpay] dur+ su* cal5d> ye> 7& ! 
taxable ye> to :i* su* return relates   
may be tak5 into acc\nt z ! ref]5ce     
taxable ye>71 &  7,b7 any o!r in=mation 
provid$ by ! taxpay] to ! ,secret>y :i* 
all[s ! ,secret>y to det]m9e paym5ts "u 
subsection 7a7 :i*1 9 ! aggregate dur+  

any taxable ye> ( ! taxpay]1 m closely  
total ! ,secret>y's be/ e/imate ( !     
cr$it all[$ to ! taxpay] "u section     
#cf;,c7a7 7det]m9$ )\t reg>d to         
subsection 7i7 !re(7 = su* taxable ye>4 
7c7 ,on-,l9e in=mation portal ,!        
,secret>y %all e/abli% an on-l9e portal 
:i* all[s taxpay]s to-- 7#a7 elect n to 
receive paym5ts "u ?is section1  7#b7   
provide in=mation to ! ,secret>y :i*    
w\ld be relevant to a modification "u   
subsection 7b77#c77;,b7 ( ! annual      
advance am\nt1 includ+ in=mation        
reg>d+-- 7,a7 a *ange 9 ! numb] ( !     
taxpay]'s qualify+ *ildr51 includ+ by   
reason ( ! bir? ( a *ild1  7,b7 a *ange 
9 ! taxpay]'s m>ital /atus1  7,c7 a     
significant *ange 9 ! taxpay]'s modifi$ 
adju/$ gross income1 &  7,d7 any o!r    
factor :i* ! ,secret>y may provide4  7d7
 ,notice ( paym5ts ,n lat] ?an ,janu>y  
#ca ( ! cal5d> ye> foll[+ any cal5d> ye>
 dur+ :i* ! ,secret>y makes "o or m     
paym5ts to any taxpay] "u ?is section1 !
 ,secret>y %all provide su* taxpay] ) a 

writt5 notice :i* includes ! taxpay]'s  
taxpay] id5tity 7z def9$ 9 section      
#fajc7;b77#f771 ! aggregate am\nt ( su* 
paym5ts made to su* taxpay] dur+ su*    
cal5d> ye>1 & su* o!r in=mation z !     
,secret>y det]m9es appropriate4  7e7    
,au?ority ,to adju/ int]val ( paym5ts   
,if ! ,secret>y det]m9es t x is n       
adm9i/ratively feasible to make mon?ly  
paym5ts "u ?is section1 su* paym5ts %all
 be made on ! basis ( ! %orte/ int]val  
:i* ! ,secret>y det]m9es is             
adm9i/ratively feasible4  4  7d7 ,con=m+
 am5dm5ts  7#a7 ,! table ( sections =   
subp>t ,a ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( subtitle ,a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
! item relat+ to section #bd4  7#b7 ,!  
table ( sections = subp>t ,c ( "p ,,iv (
 sub*apt] ,a ( *apt] #a ( subtitle ,a ( 
su* ,code is am5d$ by ins]t+ aft] ! item
 relat+ to section #cf;,b ! foll[+3     
,sec4 #cf;,c4 ,*ild tax cr$it44  7#c7 ,!
 table ( sections = *apt] #gg ( su*     
,code is am5d$ by ins]t+ aft] ! item    

relat+ to section #gebg ! foll[+ new    
item3  ,sec4 #gebg;,a4 ,advance paym5t (
 *ild tax cr$it4  4  7#d7 ,subp>agraph  
7,b7 ( section #de,r7f77#c7 ( su* ,code 
is am5d$ to read z foll[s3  7,b7        
,special rule ,any am\nts paid pursuant 
to an agreem5t "u section #caba7l7      
7relat+ to agreem5ts ent]$ into by      
,am]ican employ]s ) respect to =eign    
affiliates7 :i* are equival5t to ! taxes
 ref]r$ to 9 subp>agraph 7,a7 %all be   
treat$ z taxes ref]r$ to 9 su*          
subp>agraph4  4  7#e7 ,section          
#aeb7;f77#f77;,b77ii7 ( su* ,code is    
am5d$ by /rik+ section #bd & ins]t+     
section #cf;,c4  7#f7 ,p>agraph 7#bf7 ( 
section #eja7;c7 ( su* ,code is am5d$ 9 
! flu% matt] at ! end by /rik+ section  
#bd7;c77 & ins]t+ section #cf;,c7c774   
7#g7 ,section #fbaa7;b77#d77;,a7 ( su*  
,code is am5d$-- 7,a7 by /rik+ #bd7;d712
 &  7,b7 by ins]t+ #cf;,c7a71 aft]      
#cf;,b14  7#h7 ,section #fbac7;g77#b7 ( 
su* ,code is am5d$-- 7,a7 9 subp>agraph 
7,i71 by /rik+ section #bd7;e7 & ins]t+ 

section #cf;,c7g72 &  7,b7 9 subp>agraph
 7,l71 by /rik+ #bd1 or #cb & ins]t+    
#cb1 or #cf;,c4  7#i7 ,p>agraph 7#b7 (  
section #acbd7;b7 ( title #ca1 ,unit$   
,/ates ,code1 is am5d$ by ins]t+ #cf;,c1
 aft] #cf;,b14  7e7 ,effective date ,!  
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbj4  #c4 ,paym5ts to possessions
  7a7 ,mirror code possession ,!        
,secret>y ( ! ,treasury %all pay to ea* 
possession ( ! ,unit$ ,/ates ) a mirror 
code tax sy/em am\nts equal to ! loss to
 t possession by reason ( ! application 
( section #cf;,c ( ! ,int]nal ,rev5ue   
,code ( #aihf 7z add$ by section #b7 )  
respect to taxable ye>s beg9n+ aft]     
#bjbj4 ,su* am\nts %all be det]m9$ by ! 
,secret>y ( ! ,treasury bas$ on         
in=mation provid$ by ! gov]nm5t ( !     
respective possession4  7b7 ,o!r        
possessions ,! ,secret>y ( ! ,treasury  
%all pay to ea* possession ( ! ,unit$   
,/ates :i* does n h a mirror code tax   
sy/em am\nts e/imat$ by ! ,secret>y ( ! 

,treasury z be+ equal to ! aggregate    
b5efits t w\ld h be5 provid$ to resid5ts
 ( su* possession by reason ( !         
application ( section #cf;,c ( su* ,code
 7z s add$7 = taxable ye>s beg9n+ aft]  
#bjbj if a mirror code tax sy/em _h be5 
9 effect 9 su* possession4 ,! prec$+    
s5t5ce %all n apply ) respect to any    
possession ( ! ,unit$ ,/ates unless su* 
possession has a plan1 :i* has be5      
approv$ by ! ,secret>y ( ! ,treasury1 "u
 :i* su* possession w promptly di/ribute
 su* paym5ts to ! resid5ts ( su*        
possession4  7c7 ,coord9ation ) cr$it   
all[$ aga9/ ,unit$ ,/ates income taxes  
,no cr$it %all be all[$ aga9/ ,unit$    
,/ates income taxes = any taxable ye> "u
 section #cf;,c ( ! ,int]nal ,rev5ue    
,code ( #aihf 7z s add$7 to any p]son-- 
7#a7 to :om a cr$it is all[$ aga9/ taxes
 impos$ by ! possession by reason ( !   
am5dm5ts made by ?is section = su*      
taxable ye>2 or  7#b7 :o is eligible = a
 paym5t "u a plan describ$ 9 subsection 
7b7 ) respect to su* taxable ye>4  7d7  

,def9itions & special rules  7#a7       
,possession ( ! ,unit$ ,/ates ,=        
purposes ( ?is section1 ! t]m possession
 ( ! ,unit$ ,/ates includes !           
,commonweal? ( ,pu]to ,rico & !         
,commonweal? ( ! ,nor!rn ,m>iana ,isl&s4
  7#b7 ,mirror code tax sy/em ,=        
purposes ( ?is section1 ! t]m mirror    
code tax sy/em means1 ) respect to any  
possession ( ! ,unit$ ,/ates1 ! income  
tax sy/em ( su* possession if ! income  
tax liability ( ! resid5ts ( su*        
possession "u su* sy/em is det]m9$ by   
ref]5ce to ! income tax laws ( ! ,unit$ 
,/ates z if su* possession 7 ! ,unit$   
,/ates4  7#c7 ,treatm5t ( paym5ts ,=    
purposes ( section #acbd7;b77#b7 ( title
 #ca1 ,unit$ ,/ates ,code1 ! paym5ts "u 
?is section %all be treat$ 9 ! same     
mann] z a refund due f ! cr$it all[$ "u 
section #cf;,c ( ! ,int]nal ,rev5ue     
,code ( #aihf4