II
Calendar No. 645
116th CONGRESS
2d Session
H. R. 9051
IN THE SENATE OF THE UNITED STATES
December 29, 2020
Received; read the first time
December 30, 2020
Read the second time and placed on the calendar
AN ACT
To amend the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals, and for other purposes.
Short title
This Act may be cited as the Caring for Americans with Supplemental Help Act of 2020
or the CASH Act of 2020
.
Recovery rebate amounts increased
In general
Section 6428A of the Internal Revenue Code of 1986, as added by the COVID-related Tax Relief Act of 2020, is amended by striking $600
each place it appears and inserting $2,000
, and by striking $1,200
each place it appears and inserting $4,000
.
Effective date
The amendments made by this section are contingent upon the enactment of the COVID-related Tax Relief Act of 2020 and shall apply (if at all) as if included in the enactment of section 272 of such Act.
Dependents taken into account in determining credit and rebates
Recovery rebates
In general
Section 6428(a)(2) of the Internal Revenue Code of 1986 is amended by striking qualifying children (within the meaning of section 24(c))
and inserting dependents (as defined in section 152)
.
Conforming amendments
Section 6428(f)(2) of such Code is amended by inserting and subsection (a)(2) were applied by substituting
before the period at the end. qualifying children (within the meaning of section 24(c))
for dependent (as defined in section 152)
Section 6428(g) of such Code, as amended by the COVID-related Tax Relief Act of 2020, is amended—
in paragraph (1), by striking qualifying child
each place it appears and inserting dependent
,
in paragraph (2)(C), by inserting (determined after the application of subsection (f)(2))
after subsection (a)(2)
, and
in paragraph (3)(B), by inserting or dependent
after child
both places it appears.
Effective date
The amendments made by this subsection are contingent upon the enactment of the COVID-related Tax Relief Act of 2020 and shall apply (if at all) as if included in the enactment of section 273 of such Act.
Additional 2020 recovery rebates
In general
Section 6428A(a)(2) of the Internal Revenue Code of 1986, as added by the COVID-related Tax Relief Act of 2020, is amended by striking qualifying children (within the meaning of section 24(c))
and inserting dependents (as defined in section 152)
.
Authority to make advance refunds without regard to modified definition of dependent
Section 6428A(f) of such Code is amended by adding at the end the following new paragraph:
Authority to make advance refunds without regard to modified definition of dependent
To the extent the Secretary determines appropriate to make or allow the maximum number of advance refunds by the deadline described in paragraph (3)(A)(ii), the Secretary may determine the advance refund amounts under this subsection without regard to the amendments made by paragraphs (1) and (3) of section 3(b) of the CASH Act of 2020.
.
Conforming amendments
Section 6428A(f)(2)(B) of such Code is amended by striking qualifying child
and inserting dependent
.
Section 6428A(g) of such Code is amended by striking qualifying child
each place it appears and inserting dependent
.
Section 6428A(g)(4)(B) of such Code is amended by striking such child
and inserting such dependent
.
Effective date
The amendments made by this subsection are contingent upon the enactment of the COVID-related Tax Relief Act of 2020 and shall apply (if at all) as if included in the enactment of section 272 of such Act.
Budgetary effects
Statutory PAYGO Scorecards
The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.
Senate PAYGO Scorecards
The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 4106 of H. Con. Res. 71 (115th Congress).
Passed the House of Representatives December 28, 2020.
Cheryl L. Johnson,
Clerk
December 30, 2020
Read the second time and placed on the calendar