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HR 5463 109th Congress House Taxation Accounting Age Families Finance and Financial Sector Income tax Parent and child

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.

Introduced: May 23, 2006 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 2006
Referred to the House Committee on Ways and Means.
May 23, 2006
Introduced in House
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 Plain-English summary Congressional Research Service

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).

What's happening now May 23, 2006

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • HR 5473 Related bill Student Savings Act of 2006
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Carter, John R.
Texas · May 24, 2006
 R
Foxx, Virginia
North Carolina · May 24, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5463: 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.. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5463/
MLA
"H.R. 5463: 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.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5463/.
Bluebook (legal)
H.R. 5463, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5463/.
Markdown link
[H.R. 5463: 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.](https://openamerica.io/bill/109-HR-5463/)
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