This bill modifies provisions specifying the date for making refunds of the refundable portion of the child tax credit and the earned income tax credit to provide that no credit or refund of an overpayment resulting from such credits shall be made to a taxpayer before the earlier of the date on which the Internal Revenue Service completes a matching of information relevant to such credits and other wage information, or the 15th day of the second month after the close of the taxable year (i.e., February, for taxable years that are calendar years).
To amend the Internal Revenue Code of 1986 to modify the mandatory 
                    delay in making certain refunds.

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

SECTION 1. MODIFICATION OF MANDATORY DELAY IN MAKING CERTAIN REFUNDS.

    (a) In General.--Section 6402(m) of the Internal Revenue Code of 
1986 is amended to read as follows:
    ``(m) Earliest Date for Certain Refunds.--In the case of any 
taxpayer allowed a credit under section 24 (by reason of subsection (d) 
or (i) thereof) or 32 for any taxable year, no credit or refund of an 
overpayment for such taxable year shall be made to such taxpayer before 
the earlier of--
            ``(1) the date on which the Secretary completes such 
        matching of information relevant to such credit and relevant 
        information filed under section 6071(c) as the Secretary 
        determines appropriate, or
            ``(2) the 15th day of the second month following the close 
        of such taxable year.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to credits and refunds made after the date of the enactment of this 
Act.
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To amend the Internal Revenue Code of 1986 to modify the mandatory delay in making certain refunds.
To amend the Internal Revenue Code of 1986 to modify the mandatory delay in making certain refunds.
Official Titles - House of Representatives
Official Title as Introduced
To amend the Internal Revenue Code of 1986 to modify the mandatory delay in making certain refunds.
Rep. Pascrell, Bill, Jr.