[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5509 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 5509

 To amend the Internal Revenue Code of 1986 to increase the child tax 
                      credit to $2,000 per child.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 19, 2000

  Mr. Maloney of Connecticut 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 to $2,000 per child.

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

SECTION 1. CHILD TAX CREDIT INCREASED TO $2,000 PER 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 ``$500'' and all that follows and inserting ``$2,000.''
    (b) Credit May Be Claimed on EZ Form.--Section 24 of such Code is 
amended by adding at the end the following new subsection:
    ``(g) Regulations.--The Secretary shall prescribe regulations to 
carry out this section, including regulations providing for claiming 
the credit under this section on Form 1040EZ.''
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2000.
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