Affordability rebates

(a) In general Section 6428B of the Internal Revenue Code of 1986 is amended— (1) in the heading, by striking 2021 recovery rebates to individuals and inserting affordability rebates, (2) in subsection (a), by striking 2021 an amount equal to the 2021 rebate amount and inserting 2026 an amount equal to the affordability rebate amount, (3) by striking subsection (b) and inserting the following: (b) Affordability rebate amount For purposes of this section, the term affordability rebate amount means, with respect to any taxpayer for any taxable year, the sum of— (1) $3,000 ($6,000 in the case of a joint return), plus (2) $3,000 multiplied by the number of dependents of the taxpayer for such taxable year., (4) in subsection (e)(2)— (A) in subparagraph (A), by striking $1,400 and inserting $3,000, and (B) in subparagraph (B)— (i) in the matter preceding clause (i), by striking $2,800 and inserting $6,000, and (ii) in clause (i), by striking $1,400 and inserting $3,000, and (5) in subsection (g)— (A) in paragraph (1), by striking 2019 and inserting 2024, (B) in paragraph (2)(B), by striking January 1, 2021 each place it appears and inserting January 1, 2026, (C) in paragraph (3), by striking December 31, 2021 and inserting December 31, 2026, (D) in paragraph (5)— (i) in the heading, by striking 2020 and inserting 2025, (ii) in subparagraph (A)— (I) in the heading, by striking 2020 and inserting 2025, and (II) by striking beginning in 2020, paragraph (1) shall be applied with respect to such individual by substituting 2020 for 2019 and inserting beginning in 2025, paragraph (1) shall be applied with respect to such individual by substituting 2025 for 2024, and (iii) in subparagraph (B)— (I) in clause (i), by striking 2020 and inserting 2025, (II) in clause (ii)— (aa) in subclause (I), by striking 2020 and inserting 2025, and (bb) in subclause (II), by striking 2021 and inserting 2026, and (III) in clause (iii)— (aa) in the heading, by striking 2020 and inserting 2025, and (bb) by striking 2020 each place it appears and inserting 2025, and (E) in the heading of paragraph (6), by striking 2019 or 2020 and inserting 2024 or 2025. (b) Conforming amendment The table of sections for subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by striking the item relating to section 6428 B and inserting the following new item: Sec. 6428B. Affordability rebates..