INCREASE IN AGE OF CHILDREN WHOSE UNEARNED INCOME IS TAXED AS IF PARENT’S INCOME.

SEC. 8241. INCREASE IN AGE OF CHILDREN WHOSE UNEARNED INCOME IS TAXED AS IF PARENT’S INCOME.(a) In General.—Subparagraph (A) of section 1(g)(2) (relating to child to whom subsection applies) is amended to read as follows:“(A) such child—“(i) has not attained age 18 before the close of the taxable year, or“(ii)(I) has attained age 18 before the close of the taxable year and meets the age requirements of section 152(c)(3) (determined without regard to subparagraph (B) thereof), and“(II) whose earned income (as defined in section 911(d)(2)) for such taxable year does not exceed one-half of the amount of the individual’s support (within the meaning of section 152(c)(1)(D) after the application of section 152(f)(5) (without regard to subparagraph (A) thereof)) for such taxable year,”.(b) Conforming Amendment.—Subsection (g) of section 1 is amended by striking “Minor” in the heading thereof. (c) Effective Date.—The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.121 STAT. 200