S. 1977

Honor Our Promise Act

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II

Calendar No. 300

113th CONGRESS

2d Session

S. 1977

IN THE SENATE OF THE UNITED STATES

January 30, 2014

Ms. Ayotte (for herself, Mr. Graham, Mr. Wicker, Ms. Collins, and Mr. Chambliss) introduced the following bill; which was read the first time

February 3, 2014

Read the second time and placed on the calendar

A BILL

To repeal section 403 of the Bipartisan Budget Act of 2013, relating to an annual adjustment of retired pay for members of the Armed Forces under the age of 62, and to provide an offset.

1.

Short title

This Act may be cited as the Honor Our Promise Act.

2.

Repeal of reductions made by Bipartisan Budget Act of 2013

(a)

Adjustment of retirement pay

Section 403 of the Bipartisan Budget Act of 2013 is repealed as of the date of the enactment of such Act.

(b)

Conforming amendment

Title X of the Department of Defense Appropriations Act, 2014 (division C of Public Law 113–76) is hereby repealed.

3.

Social Security number required to claim the refundable portion of the child tax credit

(a)

In general

Subsection (e) of section 24 of the Internal Revenue Code of 1986 is amended to read as follows:

(e)

Identification requirement with respect to qualifying children

(1)

In general

Subject to paragraph (2), no credit shall be allowed under this section to a taxpayer with respect to any qualifying child unless the taxpayer includes the name and taxpayer identification number of such qualifying child on the return of tax for the taxable year.

(2)

Refundable portion

Subsection (d)(1) shall not apply to any taxpayer with respect to any qualifying child unless the taxpayer includes the name and social security number of such qualifying child on the return of tax for the taxable year.

.

(b)

Omission treated as mathematical or clerical error

Subparagraph (I) of section 6213(g)(2) of the Internal Revenue Code of 1986 is amended to read as follows:

(I)

an omission of a correct TIN under section 24(e)(1) (relating to child tax credit) or a correct Social Security number required under section 24(e)(2) (relating to refundable portion of child tax credit), to be included on a return,

.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

February 3, 2014

Read the second time and placed on the calendar