Establishment of taxpayer rebate

(a) In general The Secretary shall provide a one-time direct payment to each Eligible Return in accordance with this section. (b) Income limitation No payment shall be made under this Act with respect to any return reporting adjusted gross income exceeding $400,000 for the most recent taxable year for which sufficient information is available. (c) Aggregate limitation The total amount of payments made under this Act shall not exceed $231,350,000,000. (d) Determination of base amount (1) The Secretary shall determine a Base Amount such that, if payments were made under subsection (e) with respect to all Eligible Returns (without regard to subsection (b)), the total amount of such payments would equal $231,350,000,000. (2) In calculating the Base Amount, the Secretary shall calculate such amount by dividing $231,350,000,000 by the sum of— (A) the number of Eligible Returns filed as single; (B) the number of Eligible Returns filed as married filing separately; (C) 1.5 multiplied by the number of Eligible Returns filed as head of household; and (D) 2 multiplied by the sum of— (i) the number of Eligible Returns filed as married filing jointly; and (ii) the number of Eligible Returns filed as qualifying surviving spouse. (e) Payment amounts by filing status Subject to subsection (b), the payment for an Eligible Return shall be— (1) in the case of a return filed as single, an amount equal to 100 percent of the Base Amount; (2) in the case of a return filed as married filing separately, an amount equal to 100 percent of the Base Amount; (3) in the case of a return filed as head of household, an amount equal to 150 percent of the Base Amount; (4) in the case of a return filed as married filing jointly, an amount equal to 200 percent of the Base Amount; or (5) in the case of a return filed as qualifying surviving spouse, an amount equal to 200 percent of the Base Amount.