Code Section 6409
| Code Section | Effective Date | Name of Act | Name of Provision | 10yr Revenue Estimate ($millions) |
|---|---|---|---|---|
| 6409 | 12/31/2012 | The American Taxpayer Relief Act of 2012 | Refunds disregarded in the administration of federal programs and federally assisted programs | CBO Estimate |
| 6409 | *12/31/2009 | The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 | Refunds disregarded in the administration of Federal programs and Federally assisted programs | -8 |
* Note on Effective Date
The provision is effective for amounts received after December 31, 2009 and on or before December 31, 2012.
Refunds disregarded in the administration of federal programs and federally assisted programs
Explanation of Provision
The Act makes permanent the present law provision for any tax refund (or advance payment with respect to a refundable credit) made to any individual.
Refunds disregarded in the administration of Federal programs and Federally assisted programs
Explanation of Provision
Under this provision, any tax refund (or advance payment with respect to a refundable credit) received by an individual after December 31, 2009 begins a period of 12 months during which such refund may not be taken into account as a resource for purposes of determining the eligibility of such individual (or any other individual) for benefits or assistance (or the amount or extent of benefits or assistance) under any Federal program or under any State or local program financed in whole or in part with Federal funds. The provision terminates on December 31, 2012.
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