Amends the Internal Revenue Code to repeal the annual inflation adjustment to the $10,000 earned income threshold amount used to determine the refundable portion of the child tax credit.
[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4030 Introduced in House (IH)]
109th CONGRESS
1st Session
H. R. 4030
To amend the Internal Revenue Code of 1986 to repeal the inflation
adjustment of the earned income threshold used in determining the
refundable portion of the child tax credit and to restore the threshold
to its original amount.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 7, 2005
Ms. DeLauro (for herself, Mr. Brown of Ohio, Ms. Carson, Mr. Pomeroy,
Mr. Grijalva, Mr. Price of North Carolina, and Ms. Schakowsky)
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 repeal the inflation
adjustment of the earned income threshold used in determining the
refundable portion of the child tax credit and to restore the threshold
to its original amount.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. REPEAL OF EARNED INCOME THRESHOLD INFLATION ADJUSTMENT
APPLICABLE TO THE CHILD TAX CREDIT.
(a) Repeal of Inflation Adjustment.--Subsection (d) of section 24
of such Code is amended by striking paragraph (3).
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2004.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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