To amend the Internal Revenue Code of 1986 to increase, and make permanent certain improvements to, the child tax credit.

Amends the Internal Revenue Code to increase the child tax credit for the first year a child is claimed as a qualifying child.

Renders the general terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2001 (i.e., December 31, 2010) inapplicable to amendments made to the child tax credit by that Act.

[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1406 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1406

   To amend the Internal Revenue Code of 1986 to increase, and make 
        permanent certain improvements to, the child tax credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 8, 2007

Mr. Ellsworth 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 increase, and make 
        permanent certain improvements to, the child tax credit.

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

SECTION 1. INCREASED CHILD TAX CREDIT FOR FIRST YEAR CHILD IS CLAIMED 
              AS A QUALIFYING CHILD.

    (a) In General.--Subsection (a) of section 24 of the Internal 
Revenue Code of 1986 (relating to child tax credit) is amended by 
striking ``with respect to each qualifying child of the taxpayer an 
amount equal to $1,000.'' and inserting ``with respect to each 
individual who is a qualifying child of the taxpayer an amount equal 
to--
            ``(1) $2,000, for the first taxable year in which such 
        individual is a qualifying child, and
            ``(2) $1,000, for any other taxable year in which such 
        individual is a qualifying child.''.
    (b) Improvements to Credit Made Permanent.--Section 901 of the 
Economic Growth and Tax Relief Reconciliation Act of 2001 shall not 
apply to the amendments made by section 201 of such Act.
    (c) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2006.
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