To amend the Internal Revenue Code of 1986 to repeal the increase in the age of minor children whose unearned income is taxed as if parent's income.

Summary

Amends the Internal Revenue Code to return to 14 the age until which the passive income of children is taxed at their parents' marginal income tax rates (the age limit had been increased to 18 by the Tax Increase Prevention and Reconciliation Act of 2005).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 23 May 2006

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 23 May 2006

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 May 2006

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 23 May 2006 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 May 2006

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 May 2006

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 23 May 2006

  Open at official source

Sponsors

• Rep. Musgrave, Marilyn N. [R-CO-4] · R · Sponsor
• Virginia Foxx · R · Cosponsor
• Rep. Burton, Dan [R-IN-6] · R · Cosponsor
• John Carter · R · Cosponsor
• Rep. Tancredo, Thomas G. [R-CO-6] · R · Cosponsor
• Rep. Feeney, Tom [R-FL-24] · R · Cosponsor
• Rep. Hostettler, John N. [R-IN-8] · R · Cosponsor
• Rep. Bonilla, Henry [R-TX-23] · R · Cosponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Cosponsor
• Rep. McHugh, John M. [R-NY-23] · R · Cosponsor
• JOHN CULBERSON · R · Cosponsor
• Rep. Miller, Jeff [R-FL-1] · R · Cosponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Student Savings Act of 2006