Tax Cuts and Jobs Middle Class Enhancement Act

H.R. 957 · 116th Congress · Feb 4, 2019 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to make permanent certain provisions of Public Law 115–97, and for other purposes.

Section 1 Short title

This Act may be cited as the “Tax Cuts and Jobs Middle Class Enhancement Act”.

Sec. 2 Certain provisions of Public Law 115–97 made permanent

Any provision of subtitle A or B of Public Law 115–97, or any amendment made by such a provision, that terminates on December 31, 2025, shall not terminate on such date.

Sec. 3 Increase in standard deduction

(a)

In general— Section 63(c)(7) of the Internal Revenue Code of 1986 is amended—

(1)

in subparagraph (A), by striking “and” at the end of clause (i), by striking “$12,000” in clause (ii) and inserting “$13,000”, by striking the period at the end of clause (ii) and inserting “, and”, and by adding at the end the following new clause:

“(iii) by substituting “$26,000” for “200 percent of the dollar amount in effect under subparagraph (C) for the taxable year””

(2)

in subparagraph (B)(ii), by striking “the $18,000 and $12,000 amounts” and inserting “the dollar amounts”.

(b)

Effective date— The amendments made by this section shall take effect as if included in the enactment of section 11021 of Public Law 115–97.

Sec. 4 Reduction in medical expense deduction floor

(a)

In general— Section 213 of the Internal Revenue Code of 1986 is amended—

(1)

in subsection (a), by striking “10 percent” and inserting “7.5 percent”, and

(2)

by striking subsection (f).

(b)

Minimum tax preference not To apply— Section 56(b)(1) is amended by striking subparagraph (B).

(c)

Effective date— The amendments made by this section shall take effect as if included in the enactment of section 11027 of Public Law 115–97.

Sec. 5 Increase in refundable portion of the child tax credit

(a)

In general— Section 24 of the Internal Revenue Code of 1986 is amended—

(1)

in subsection (d)(1)(A), by inserting “, subsection (h)(4),” after “this subsection”, and

(2)

in subsection (h), by striking paragraph (5) and redesignating paragraphs (6) and (7) as paragraph (5) and (6), respectively.

(b)

Conforming amendments— Paragraphs (1) and (4)(C) of section 24(h) of the Internal Revenue Code of 1986 are each amended by striking “(7)” and inserting “(6)”.

(c)

Effective date— The amendments made by this section shall take effect as if included in the enactment of section 11022 of Public Law 115–97.