[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 92 Introduced in Senate (IS)]







108th CONGRESS
  1st Session
                                 S. 92

         To accelerate and make permanent the child tax credit.


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                   IN THE SENATE OF THE UNITED STATES

                            January 7, 2003

 Mrs. Lincoln introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
         To accelerate and make permanent 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. ACCELERATION OF CHILD TAX CREDIT.

    (a) In General.--Subsection (a) of section 24 of the Internal 
Revenue Code of 1986 (relating to child tax credit) is amended to read 
as follows:
    ``(a) Allowance of Credit.--There shall be allowed as a credit 
against the tax imposed by this chapter for the taxable year with 
respect to each qualifying child of the taxpayer an amount equal to 
$1,000.''
    (b) Conforming Amendments.--
            (1) Repeal of amendment.--Section 201(a) of the Economic 
        Growth and Tax Relief Reconciliation Act of 2001 is repealed.
            (2) Repeal of sunset.--Title IX of the Economic Growth and 
        Tax Relief Reconciliation Act of 2001 (relating to sunset of 
        provisions of such Act) shall not apply to section 201 (other 
        than subsection (a) of such section) of such Act.
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