[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 452 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 452

  To amend the Internal Revenue Code of 1986 to make the child credit 
                        refundable for 5 years.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 9, 2009

   Mr. Teague (for himself, Ms. Fudge, Mr. Heinrich, and Mr. Lujan) 
 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 make the child credit 
                        refundable for 5 years.

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

SECTION 1. CHILD CREDIT MADE REFUNDABLE FOR 5 YEARS.

    (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 Rule for 2009 Through 2013.--In the case of any 
taxable year beginning in 2009, 2010, 2011, 2012, or 2013--
            ``(1) the aggregate credits allowed to a taxpayer under 
        subpart C shall be increased by the credit which is allowable 
        under this section without regard to this subsection and 
        subsection (d),
            ``(2) the limitation under section 26(a)(2) or subsection 
        (b)(3), as the case may be, and subsection (d) shall not apply, 
        and
            ``(3) the amount of the credit allowed under this 
        subsection shall not be treated as a credit allowed under this 
        subpart.''.
    (b) Conforming Amendment.--Paragraph (2) of section 1324(b) of 
title 31, United States Code, is amended by inserting ``24 (by reason 
of subsection (g) thereof),'' before ``36,''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2008.
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