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
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
Plain-English 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).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1