[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4030 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 4030

  To amend the Internal Revenue Code of 1986 to repeal the inflation 
   adjustment of the earned income threshold used in determining the 
refundable portion of the child tax credit and to restore the threshold 
                        to its original amount.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 7, 2005

 Ms. DeLauro (for herself, Mr. Brown of Ohio, Ms. Carson, Mr. Pomeroy, 
    Mr. Grijalva, Mr. Price of North Carolina, and Ms. Schakowsky) 
 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 repeal the inflation 
   adjustment of the earned income threshold used in determining the 
refundable portion of the child tax credit and to restore the threshold 
                        to its original amount.

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

SECTION 1. REPEAL OF EARNED INCOME THRESHOLD INFLATION ADJUSTMENT 
              APPLICABLE TO THE CHILD TAX CREDIT.

    (a) Repeal of Inflation Adjustment.--Subsection (d) of section 24 
of such Code is amended by striking paragraph (3).
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2004.
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