Relief for Working Family Victims of Hurricane Katrina Act of 2006

Relief for Working Family Victims of Hurricane Katrina Act of 2006 - Increases the refundable portion of the child tax credit in 2006 and 2007 for taxpayers who had a primary residence in the Hurricane Katrina disaster area on August 28, 2005.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4708 Introduced in House (IH)]







109th CONGRESS
  2d Session
                                H. R. 4708

 To increase the refundable amount of the child credit in the case of 
taxpayers who had a primary residence in the Hurricane Katrina disaster 
                        area on August 28, 2005.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 8, 2006

 Mr. Rangel (for himself, Ms. DeLauro, Mr. Jefferson, Mr. Emanuel, and 
Mr. Melancon) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To increase the refundable amount of the child credit in the case of 
taxpayers who had a primary residence in the Hurricane Katrina disaster 
                        area on August 28, 2005.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Relief for Working Family Victims of 
Hurricane Katrina Act of 2006''.

SEC. 2. WORKING FAMILY TAX RELIEF FOR HURRICANE KATRINA DISASTER AREA 
              RESIDENTS.

    For purposes of section 24(d) of the Internal Revenue Code of 1986 
(relating to portion of child tax credit made refundable), in the case 
of any taxable year beginning during 2006 or 2007, with respect to any 
taxpayer who had a primary residence in the Hurricane Katrina disaster 
area (as defined in section 1400M(2) of such Code) on August 28, 2005, 
clause (i) of section 24(d)(1)(B) of such Code shall be applied by 
substituting 10 percent of the taxpayer's earned income for such 
taxable year for the amount which would otherwise be determined under 
such clause for such taxable year. A taxpayer may elect not to have 
this section apply for any taxable year.
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