To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7636 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7636 To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 20, 2026 Mr. Thompson of California introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. INDIVIDUAL TARIFF REFUND CREDIT. (a) In General.--Subchapter B of chapter 65 of subtitle F of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ``SEC. 6436. INDIVIDUAL TARIFF REFUND CREDIT. ``(a) In General.--In the case of an eligible individual, there shall be allowed a credit against the tax imposed by subtitle A for the covered taxable year in an amount equal t…