,,ii  #aag? ,,congress  #a/ ,session    
,s4 #ecf  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #b 7legislative   
day1 ,m>* #a71 #bjba ,mr4 ,hawley       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide a cr$it
 = wages receiv$ by individuals t are   
less ?an ! m$ian wage4  #a4 ,%ort title 
,?is ,act may be cit$ z ! ,blue ,coll>  
,bonus ,act ( #bjba4  #b4 ,blue coll>   
bonus tax cr$it  7a7 ,9 g5]al  7#a7     
,all[ance ( cr$it ,subp>t ,c ( "p ,,iv (
 sub*apt] ,a ( *apt] #a ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #cf;,b ! foll[+3  #cf;,c4 
,cr$it = wages paid at a rate less ?an !
 m$ian wage  7a7 ,cr$it all[$  7#a7 ,9  
g5]al ,9 ! case ( an individual1 !re    
%all be all[$ z a cr$it aga9/ ! tax     
impos$ by ?is subtitle = any taxable ye>
 an am\nt equal to ! sum ( ! am\nts     
det]m9$ "u p>agraph 7#b7 = ea*          
individual includ$ on ! taxpay]'s return

 ( tax = ! taxable ye>4  7#b7 ,am\nt p] 
individual ,! am\nt det]m9$ "u ?is      
p>agraph ) respect to any individual    
%all be ! product (--  7,a7 ! blue coll>
 bonus am\nt ( su* individual = !       
taxable ye>1 &  7,b7 ! numb] ( h\rs =   
:i* ! individual p]=m$ s]vices = :i*    
wages 7 paid dur+ su* taxable ye>4  7b7 
,blue coll> bonus am\nt ,= purposes (   
?is section-- 7#a7 ,9 g5]al ,! t]m blue 
coll> bonus am\nt means1 ) respect to   
any individual = any taxable ye>1 #ej   
p]c5t ( ! excess 7if any7 (--  7,a7 !   
m$ian wage rate = su* taxable ye>1 ov]  
7,b7 ! av]age h\rly wages receiv$ by !  
individual dur+ ! taxable ye>4  7#b7    
,non-h\rly wage rate ,= purposes (      
p>agraph 7#a77;,a71 9 ! case ( any      
individual :o is n paid on an h\rly wage
 rate1 ! wages ( su* employee %all be   
prorat$ to an h\rly wage rate "u        
regulations e/abli%$ by ! ,secret>y4    
7#c7 ,m$ian wage rate  7,a7 ,9 g5]al ,! 
m$ian wage rate is #af4ej p] h\r4  7,b7 
,adju/m5t  7i7 ,9 g5]al ,9 ! case ( any 

taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjba1 ! #af4ej am\nt "u subp>agraph    
7,a7 %all ea* be increas$ by an am\nt   
equal to-- 7,i7 su* doll> am\nt1        
multipli$ by  7,,ii7 ! co/-(-liv+       
adju/m5t det]m9$ "u section #a7;f77#c7 =
 ! cal5d> ye> 9 :i* ! taxable ye> beg9s1
 det]m9$ by sub/itut+ 9 subp>agraph     
7,a77ii7 !re( cal5d> ye> #bjbj = cal5d> 
ye> #bjaf4  7ii7 ,r\nd+ ,if any am\nt z 
adju/$ "u p>agraph 7#a7 is n a multiple 
( #j4aj1 su* doll> am\nt %all be r\nd$  
to ! next l[e/ multiple ( #j4aj4  7c7   
,numb] ( h\rs tak5 into acc\nt ,=       
purposes ( subsection 7a77#b77;,b7 & =  
purposes ( det]m9+ ! av]age h\rly wages 
( an individual "u subsection           
7b77#a77;,b71 ! numb] ( h\rs tak5 into  
acc\nt %all n exce$-- 7#a7 = any week1  
#dj1 &  7#b7 = any taxable ye>1 #bjhj4  
7d7 ,o!r def9itions & special rules     
7#a7 ,wages ,! t]m wages has ! mean+    
giv5 su* t]m by subsection 7b7 ( section
 #ccjf 7det]m9$ )\t reg>d to any doll>  
limitation conta9$ 9 su* section74  7#b7

 ,treatm5t ( dep5d5ts ,if a d$uction "u 
section #aea ) respect to an individual 
is all[$ to ano!r taxpay] = a taxable   
ye> beg9n+ 9 ! cal5d> ye> 9 :i* su*     
individual's taxable ye> beg9s1 no cr$it
 %all be all[$ "u subsection 7a7 to su* 
individual = su* individual's taxable   
ye>4  7#c7 ,nonresid5t ali5s ,?is       
section %all n apply to any taxpay] t is
 a nonresid5t ali5 = ! taxable ye>4  7e7
 ,id5tification requirem5t ,no cr$it    
%all be all[$ "u ?is section to a       
taxpay] ) respect to any individual     
unless ! taxpay] includes ! social      
security numb] ( su* individual on !    
return ( tax = ! taxable ye>4 ,=        
purposes ( ! prec$+ s5t5ce1 ! t]m social
 security numb] means a social security 
numb] issu$ to an individual by !       
,social ,security ,adm9i/ration1 b only 
if ! social security numb] is issu$--   
7#a7 to a citiz5 ( ! ,unit$ ,/ates or   
pursuant to subclause 7,i7 7or t portion
 ( subclause 7,,iii7 t relates to       
subclause 7,i77 ( section               

#bje7;c77#b77;,b77i7 ( ! ,social        
,security ,act1 &  7#b7 be=e ! due date 
= su* return4  7f7 ,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 ! p]iod ( #b       
taxable ye>s aft] ! mo/ rec5t taxable   
ye> = :i* !re 0 a f9al det]m9ation t !  
taxpay]'s claim ( cr$it "u ?is section 0
 due to fraud or to reckless or         
int5tional disreg>d ( rules &           
regulations4  7g7 ,reconciliation (     
cr$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   
,any failure to s r$uce ! cr$it %all be 
treat$ z aris+ out ( a ma!matical or    

cl]ical error & assess$ accord+ to      
section #fbac7;b77#a74  7#b7 ,excess    
advance paym5ts  7,a7 ,9 g5]al ,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 ,any failure to s increase ! tax
 %all be treat$ z aris+ out ( a         
ma!matical or cl]ical error & assess$   
accord+ to section #fbac7;b77#a74  7,b7 
,safe h>bor bas$ on modifi$ adju/$ gross
 income  7i7 ,9 g5]al ,subp>agraph 7,a7 
%all n apply to any taxpay] ^: adju/$   
gross income = ! taxable ye> does n     
exce$ #ej1jjj 7#ajj1jjj1 9 ! case ( a   
jo9t return74  7ii7 ,limitation on      
increase ,9 ! case ( a taxpay] ^: adju/$
 gross income exce$s #ej1jjj 7#ajj1jjj1 
9 ! case ( a jo9t return71 ! am\nt ( !  
increase "u subp>agraph 7,a7 %all n     
exce$ ! excess (-- 7,i7 ! adju/$ gross  

income ( ! taxpay] = ! taxable ye>1 ov] 
7,,ii7 #ej1jjj 7#ajj1jjj1 9 ! case ( a  
jo9t return74  7h7 ,regulations ,!      
,secret>y may prescribe su* rules or o!r
 guidance z may be necess>y to c>ry out 
! purposes ( ?is section & section      
#gebg;,a1 includ+--  7#a7 rules or      
guidance relat$ to ! treatm5t ( tipp$   
work]s1  7#b7 rules or guidance relat$  
to m9imiz+ compliance & record-keep+    
burd5s1  7#c7 rules or guidance relat$  
to individuals :o receive wages f       
multiple employ]s1 &  7#d7 9            
consultation ) ! ,secret>y ( ,labor1    
rules or guidance relat$ to ! prev5tion 
( r$uc$ wages or h\rs work$ on acc\nt ( 
! b5efit provid$ "u ?is section4  7i7   
,t]m9ation ,?is section %all n apply to 
any taxable ye> beg9n+ aft] ,decemb]    
#ca1 #bjbc4  4  7#b7 ,con=m+ am5dm5ts   
7,a7 ,p>agraph 7#b7 ( section #acbd7;b7 
( title #ca1 ,unit$ ,/ates ,code1 is    
am5d$ by ins]t+ #cf;,c1 aft] #cf;,b14   
7,b7 ,! table ( sections = subp>t ,c (  
"p ,,iv ( sub*apt] ,a ( *apt] #a ( su*  

,code is am5d$ by ins]t+ aft] ! item    
relat$ to section #cf;,b ! foll[+ new   
item3  ,sec4 #cf;,c4 ,cr$it = wages paid
 at a rate less ?an ! m$ian wage4  4    
7b7 ,advance paym5t ( cr$it  7#a7 ,9    
g5]al ,*apt] #gg ( su* ,code is am5d$ by
 ins]t+ aft] section #gebg ! foll[+ new 
section3  #gebg;,a4 ,advance paym5t (   
wage tax cr$it  7a7 ,9 g5]al ,z soon z  
practical b n lat] ?an #ij days aft] !  
date ( ! enactm5t ( ?is section1 !      
,secret>y %all e/abli% a program = mak+ 
p]iodic paym5ts to taxpay]s 9 an am\nt  
equal to ! am\nt ( ! cr$it ! taxpay]    
w\ld receive "u section #cf;,c if ! la/ 
day ( ! taxable ye> 7 ! la/ day ( !     
applicable p]iod = :i* ! paym5t is made4
  7b7 ,l5g? ( p]iod ,paym5ts "u !       
program e/abli%$ "u subsection 7a7 %all 
be made n less ?an qu>t]ly4  7c7        
,adju/m5ts ,! ,secret>y may adju/ !     
am\nt ( any paym5t to prop]ly take into 
acc\nt ! am\nt by :i* any paym5t made   
be=e su* date 0 great] ?an or less ?an !
 am\nt t su* paym5t w\ld h be5 on !     

basis ( data = any subsequ5t p]iod4  7d7
 ,in=mation report+ ,! ,secret>y %all   
require ! submission ( additional       
in=mation conc]n+ ! wages paid by       
employ]s = purposes ( provid+ advance   
paym5ts "u ?is section4 ,su* in=mation  
may be provid$ z "p ( exi/+ report+     
requirem5ts4  7e7 ,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 su* in=mation z
 ! ,secret>y may require to facilitate  
an advance paym5t ( ! cr$it to !        
eligible individual4  7f7 ,notice (     
paym5ts ,n lat] ?an ,janu>y #ca ( !     
cal5d> ye> foll[+ any cal5d> ye> dur+   
:i* ! ,secret>y makes "o or m paym5ts to
 any taxpay] "u ?is section1 ! ,secret>y
 %all provide su* taxpay] ) a writt5    
notice :i* includes ! taxpay]'s taxpay] 
id5tity 7z def9$ 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  7g7    
,adm9i/rative provisions  7#a7          
,application ( direct deposit requirem5t
 ,solely = purposes ( section #cccb (   
title #ca1 ,unit$ ,/ates ,code 7&       
not)/&+ ! la/ s5t5ce ( subsection       
7j77#c7 !re(71 ! paym5ts made by !      
,secret>y "u subsection 7a7 %all be     
treat$ z ,f$]al paym5ts4  7#b7 ,deliv]y 
( paym5ts ,not)/&+ any o!r provision (  
law1 ! ,secret>y may c]tify & disburse  
refunds payable "u ?is section          
electronically to--  7,a7 any acc\nt to 
:i* ! payee receiv$ or au?oriz$1 on or  
aft] ,janu>y #a1 #bjai1 a refund ( taxes
 "u ?is title or a ,f$]al paym5t 7z     
def9$ 9 section #cccb ( title #ca1      
,unit$ ,/ates ,code71  7,b7 any acc\nt  
belong+ to a payee f :i* t individual1  
on or aft] ,janu>y #a1 #bjai1 made a    
paym5t ( taxes "u ?is title1 or  7,c7   
any ,treasury-sponsor$ acc\nt 7z def9$ 9
 section #bjh4b ( title #ca1 ,code (    
,f$]al ,regulations74  7#c7 ,waiv] (    
c]ta9 rules ,not)/&+ section #ccbe (    

title #ca1 ,unit$ ,/ates ,code1 or any  
o!r provision ( law1 ) respect to any   
paym5t ( a refund "u ?is section1 a     
disburs+ (ficial 9 ! executive bran* ( !
 ,unit$ ,/ates ,gov]nm5t may modify     
paym5t in=mation receiv$ f an (fic] or  
employee describ$ 9 section             
#ccbe7;a77#a77;,b7 ( su* title = !      
purpose ( facilitat+ ! accurate &       
effici5t deliv]y ( su* paym5t4 ,except 9
 cases ( fraud or reckless neglect1 no  
liability "u section #ccbe1 #cebg1      
#cebh1 or #cebi ( title #ca1 ,unit$     
,/ates ,code1 %all be impos$ ) respect  
to paym5ts made "u ?is p>agraph4  7#d7  
,exception f r$uction or (fset ,any     
paym5t made to any individual "u ?is    
section %all n be-- 7,a7 subject to     
r$uction or (fset pursuant to section   
#cgaf or #cgbj;,a ( title #ca1 ,unit$   
,/ates ,code1  7,b7 subject to r$uction 
or (fset pursuant to subsection 7d71    
7e71 or 7f7 ( section #fdjb1 or  7,c7   
r$uc$ or (fset by o!r assess$ ,f$]al    
taxes t w\ld o!rwise be subject to levy 

or collection4  4  7#b7 ,con=m+ am5dm5ts
  7,a7 ,section #bf7;b77#b7 ( su* ,code 
is am5d$ by /rik+ & at ! end (          
subp>agraph 7,x71 by /rik+ ! p]iod at ! 
end ( subp>agraph 7,y7 & ins]t+ 1 &1 &  
by add+ at ! end ! foll[+ new           
subp>agraph3  7,z7 section #cf;,c7g77#b7
 7relat+ to excess advance paym5ts74  4 
7,b7 ,section #fbaa7;b77#d77;,a7 ( su*  
,code1 z am5d$ by ! prec$+ provisions ( 
?is subtitle1 is am5d$-- 7i7 by ins]t+  
#cf;,c aft] #cf;,b1 &  7ii7 by /rik+ &  
#fdbh;,a & ins]t+ #fdbh;,a1 & #gebg;,a4 
7,c7 ,p>agraph 7#b7 ( section #acbd7;b7 
( title #ca1 ,unit$ ,/ates ,code1 is    
am5d$ by /rik+ or #fdca & ins]t+ #fdca1 
or #gebg;,a4  7,d7 ,! table ( sections =
 *apt] #gg ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ by ins]t+ aft] ! item    
relat+ to section #gebg ! foll[+ new    
item3  ,sec4 #gebg;,a4 ,advance paym5t (
 wage tax cr$it4  4  7c7 ,effective date
 ,! am5dm5ts made by ?is section %all   
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjbj4