H.R. 5885

To amend the Internal Revenue Code of 1986 to terminate the advance payment of the earned income tax credit.

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I

111th CONGRESS

2d Session

H. R. 5885

IN THE HOUSE OF REPRESENTATIVES

July 27, 2010

Mr. Linder introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to terminate the advance payment of the earned income tax credit.

1.

Termination of advanced earned income credit

(a)

In general

Chapter 25 of the Internal Revenue Code of 1986 is amended by striking section 3507 (relating to advance payment of earned income credit).

(b)

Conforming amendments

(1)

Section 32 of such Code is amended by striking subsection (g).

(2)

Section 6012(a) of such Code is amended by striking paragraph (8) and redesignating paragraph (9) as paragraph (8).

(3)

Section 6051(a) of such Code is amended by striking paragraph (7).

(4)

Section 6302 of such Code is amended by striking subsection (i).

(5)

The table of sections for chapter 25 of such Code is amended by striking the item relating to section 3507.

(c)

Effective date

The amendments made by this section shall apply to remuneration paid after December 31, 2010.