[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 1775 Introduced in Senate (IS)]








109th CONGRESS
  1st Session
                                S. 1775

    To amend the Internal Revenue Code of 1986 to modify the income 
  threshold used to calculate the refundable portion of the child tax 
                                credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 27, 2005

 Ms. Snowe (for herself, Mrs. Lincoln, Mr. Chafee, Mr. Obama, and Mr. 
 Rockefeller) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to modify the income 
  threshold used to calculate the refundable portion of 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. SHORT TITLE.

    This Act may be cited as the ``Working Family Child Assistance 
Act''.

SEC. 2. $10,000 INCOME THRESHOLD USED TO CALCULATE REFUNDABLE PORTION 
              OF CHILD TAX CREDIT.

    (a) In General.--Section 24(d) of the Internal Revenue Code of 1986 
(relating to portion of credit refundable) is amended--
            (1) by striking ``as exceeds'' and all that follows through 
        ``, or'' in paragraph (1)(B)(i) and inserting ``as exceeds 
        $10,000, or'', and
            (2) by striking paragraph (3).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2004.
    (c) Application of Sunset to This Section.--Each amendment made by 
this section shall be subject to title IX of the Economic Growth and 
Tax Relief Reconciliation Act of 2001 to the same extent and in the 
same manner as the provision of such Act to which such amendment 
relates.
                                 <all>