[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 26 Introduced in Senate (IS)]







111th CONGRESS
  1st Session
                                 S. 26

    To amend the Internal Revenue Code of 1986 to reset the income 
  threshold used to calculate the refundable portion of the child tax 
credit and to repeal the sunset for certain prior modifications made to 
                              the credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 7, 2009

 Mrs. Lincoln 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 reset the income 
  threshold used to calculate the refundable portion of the child tax 
credit and to repeal the sunset for certain prior modifications made to 
                              the 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. MODIFICATION OF CHILD TAX CREDIT; REPEAL OF SUNSET.

    (a) Modification of Threshold Amount.--
            (1) In general.--Clause (i) of section 24(d)(1)(B) of the 
        Internal Revenue Code of 1986 is amended by striking 
        ``$10,000'' and inserting ``$8,500''.
            (2) Repeal of inflation adjustment to earned income base.--
        Subsection (d) of section 24 of such Code (relating to portion 
        of credit refundable) is amended by striking paragraph (3).
            (3) Conforming amendment.--Section 24(d) of such Code is 
        amended by striking paragraph (4).
            (4) Effective date.--The amendments made by this subsection 
        shall apply to taxable years beginning after December 31, 2009.
    (b) Repeal of EGTRRA Sunset.--Title IX of the Economic Growth and 
Tax Relief Reconciliation Act of 2001 (relating to sunset of provisions 
of such Act) shall not apply to sections 201 and 203 of such Act 
(relating to modifications to child tax credit and refunds disregarded 
in the administration of federal programs and federally assisted 
programs).
                                 <all>