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H.R. 5463

BillFederalHouseIn Committee
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.
About This Bill
Committee
Latest Action · May 23, 2006
Referred to the House Committee on Ways and Means.
Congress
109th (2005–2007)
Introduced
May 23, 2006
Cosponsors (12)
0D 12R
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Summary

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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).

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