,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #bhjb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #i1 #bjbe,mr4  
,vasquez introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide individuals a 
refundable cr$it = a portion ( ,f$]al   
income tax liability = #bjbe4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,tax   
,relief f ,t>iffs & ,high ,co/s ,act4   
#b4 ,refundable cr$it = portion (       
individual ,f$]al income tax liability =
 #bjbe  7a7 ,9 g5]al ,subp>t ,c ( "p    
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new section3  
#cf;,c4 ,cr$it = portion ( individual   
,f$]al income tax liability = #bjbe  7a7
 ,9 g5]al ,9 ! case ( an individual1 !re
 %all be all[$ z a cr$it aga9/ ! tax    
impos$ by ?is subtitle = any taxable    
beg9n+ aft] ,decemb] #ca1 #bjbd1 & be=e 
,janu>y #a1 #bjbf1 an am\nt equal to #aj
 p]c5t ( ! taxpay]'s ,f$]al income tax  

liability = su* taxable ye>4  7b7       
,limitation bas$ on modifi$ adju/$ gross
 income ,subsection 7a7 %all n apply to 
any taxpay] = any taxable ye> if !      
taxpay]'s modifi$ adju/$ gross income 7z
 def9$ 9 section #cf7;b77#b77;,b77      
exce$s #ajj1jjj 7#bjj1jjj 9 ! case ( a  
jo9t return74  7c7 ,f$]al income tax    
liability ,= purposes ( ?is section1 !  
t]m ,f$]al income tax liability means ! 
excess 7if any7 (-- 7#a7 ! sum ( !      
am\nts describ$ 9 p>agraphs 7#a7 & 7#b7 
( section #bf7;a71 ov]  7#b7 ! sum ( !  
cr$its all[$ "u subp>t ,a ( ?is "p4  4  
7b7 ,con=m+ am5dm5ts  7#a7 ,section     
#fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by ins]t+ #cf;,c1
 aft] #cf;,b14  7#b7 ,p>agraph 7#b7 (   
section #acbd7;b7 ( title #ca1 ,unit$   
,/ates ,code1 is am5d$ by ins]t+ #cf;,c1
 aft] #cf;,b14  7#c7 ,! table ( sections
 = subp>t ,c ( "p ,,iv ( sub*apt] ,a (  
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] ! item    
relat+ to section #cf;,b ! foll[+ new   

item3  ,sec4 #cf;,c4 ,cr$it = portion ( 
individual ,f$]al income tax liability =
 #bjbe4  4  7c7 ,effective date ,!      
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbd4