I 111th CONGRESS 1st Session H. R. 538 IN THE HOUSE OF REPRESENTATIVES January 14, 2009 Mr. Pascrell (for himself and Mr. Boren) 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 reduce the earned income threshold applicable to the refundable portion of the child tax credit and to increase the age limit for such credit.

1.

Short title

This Act may be cited as the Child Tax Credit Growth Act of 2009.

2.

Reduction in earned income threshold applicable to refundable portion of child tax credit

(a)

Reduction in earned income threshold

Subsection (d)(1)(B)(i) of section 24 of the Internal Revenue Code of 1986 (relating to portion of credit refundable) is amended by striking $10,000 and inserting $5,000. (b)

Repeal of inflation adjustment

Subsection (d) of such section of such Code is amended by striking paragraph (3). (c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2008.

3.

Increase in age limit for child tax credit

(a)

In general

Paragraph (1) of section 24(c) of the Internal Revenue Code of 1986 (defining qualifying child) is amended by striking age 17 and inserting age 19. (b)

Effective date

The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2008.