Text: S.261 — 117th Congress (2021-2022)All Information (Except Text)

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Introduced in Senate (02/04/2021)


117th CONGRESS
1st Session
S. 261


To allow 2020 recovery rebates with respect to qualifying children over the age of 16 and other dependents.


IN THE SENATE OF THE UNITED STATES

February 4, 2021

Ms. Smith (for herself, Mr. Brown, Mr. Van Hollen, Mr. Blumenthal, Mr. Merkley, Ms. Klobuchar, Ms. Warren, Mr. Luján, Mrs. Gillibrand, and Mr. Leahy) introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

To allow 2020 recovery rebates with respect to qualifying children over the age of 16 and other dependents.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “All Dependents Count Act of 2021”.

SEC. 2. 2020 recovery rebates with respect to qualifying children over the age of 16 and other dependents.

(a) Initial rebates.—

(1) 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)”.

(2) CONFORMING AMENDMENTS.—

(A) Section 6428(g)(1)(C) of such Code is amended—

(i) by striking “qualifying child” each place it appears and inserting “dependent”, and

(ii) by striking “Qualifying child” in the heading and inserting “Dependent”.

(B) Section 6428(g)(3)(B) of such Code is amended—

(i) by inserting “dependent or” before “qualifying child”, and

(ii) by striking “such child” and inserting “such individual”.

(b) Additional rebates.—

(1) IN GENERAL.—Section 6428A(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)”.

(2) CONFORMING AMENDMENTS.—

(A) Section 6428A(g)(3) of such Code is amended—

(i) by striking “qualifying child” each place it appears and inserting “dependent”, and

(ii) by striking “Qualifying child” in the heading and inserting “Dependent”.

(B) Section 6428(g)(4) of such Code is amended—

(i) by inserting “dependent or” before “qualifying child”, and

(ii) by striking “such child” and inserting “such individual”.

(C) Section 6428(f)(2)(B) of such Code is amended by striking “qualifying child” and inserting “dependent”.

(c) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2019.

(d) Advanced payments.—Notwithstanding sections 6428(f)(3) and 6428A(f)(3)(A) of the Internal Revenue Code of 1986, the Secretary of the Treasury (or the Secretary's delegate) shall refund or credit any overpayment attributable to the amendments made by this section as rapidly as possible, except that no refund or credit shall be made under section 6428(f) or 6428A(f) of such Code by reason of this subsection after December 31, 2021.


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