I 111th CONGRESS 1st Session H. R. 452 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.

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.