Section 1 Short title
This Act may be cited as the “Honor Our Promise Act”.
Honor Our Promise Act
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.
Sec. 2 Repeal of reductions made by Bipartisan Budget Act of 2013
Adjustment of retirement pay— Section 403 of the Bipartisan Budget Act of 2013 is repealed as of the date of the enactment of such Act.
Conforming amendment— Title X of the Department of Defense Appropriations Act, 2014 (division C of Public Law 113–76) is hereby repealed.
Sec. 3 Social Security number required to claim the refundable portion of the child tax credit
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.”
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,”
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.