To amend the Internal Revenue Code of 1986 to change the calculation and simplify the administration of the earned income tax credit.
Last action on Dec 20, 2001Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to: (1) revise the calculation of the earned income credit; (2) revise the credit's application to married individuals; and (3) repeal provisions denying the credit to individuals having excessive investment income.
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