113 HR 4044 IH: Child Tax Credit Restoration Act of 2014 U.S. House of Representatives 2014-02-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 2d Session H. R. 4044 IN THE HOUSE OF REPRESENTATIVES February 11, 2014 Mr. Braley of Iowa 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 the child tax credit for 2 years.

1.

Short title

This Act may be cited as the Child Tax Credit Restoration Act of 2014.

2.

Temporary modification of child tax credit

(a)

In general

Section 24 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (g)

Special rules for 2014 and 2015

In the case of any taxable year beginning in 2014 or 2015— (1)

Increased credit per child

Subsection (a) shall be applied by substituting $2,000 for $1,000. (2)

Increased refundability

Subsection (d)(1)(B)(i) shall be applied by substituting 30 percent for 15 percent. . (b)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2013.