[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1286 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1286

   To amend the Internal Revenue Code of 1986 to eliminate the lower 
 threshold for the refundable portion of the child tax credit, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 4, 2015

   Ms. DeLauro (for herself, Mr. Levin, Mr. Neal, Mr. Doggett, Mrs. 
Beatty, Mr. Becerra, Mr. Beyer, Mr. Bishop of Georgia, Mr. Blumenauer, 
 Ms. Bonamici, Ms. Brown of Florida, Ms. Brownley of California, Mrs. 
 Bustos, Mr. Butterfield, Mrs. Capps, Mr. Capuano, Mr. Caardenas, Mr. 
     Carson of Indiana, Mr. Cartwright, Ms. Chu of California, Mr. 
  Cicilline, Ms. Clark of Massachusetts, Ms. Clarke of New York, Mr. 
Clay, Mr. Cleaver, Mr. Cohen, Mr. Connolly, Mr. Conyers, Mr. Courtney, 
 Mr. Crowley, Mr. Cummings, Mr. Danny K. Davis of Illinois, Mrs. Davis 
 of California, Mr. DeFazio, Ms. DeGette, Ms. DelBene, Mr. DeSaulnier, 
Mrs. Dingell, Ms. Edwards, Mr. Ellison, Mr. Engel, Ms. Eshoo, Ms. Esty, 
Mr. Fattah, Mr. Farr, Ms. Frankel of Florida, Ms. Fudge, Mr. Garamendi, 
   Mr. Grayson, Mr. Al Green of Texas, Mr. Gene Green of Texas, Mr. 
     Grijalva, Mr. Gutieerrez, Ms. Hahn, Mr. Hastings, Mr. Heck of 
 Washington, Mr. Higgins, Mr. Himes, Mr. Honda, Mr. Hoyer, Mr. Israel, 
 Ms. Jackson Lee, Mr. Jeffries, Ms. Kaptur, Mr. Keating, Mr. Kennedy, 
    Mr. Kildee, Mr. Kilmer, Ms. Kuster, Mr. Langevin, Mr. Larson of 
  Connecticut, Ms. Lee, Mr. Lewis, Mr. Loebsack, Mr. Lowenthal, Mrs. 
  Lowey, Mr. Ben Ray Lujaan of New Mexico, Mr. Lynch, Mrs. Carolyn B. 
Maloney of New York, Mr. McDermott, Mr. McGovern, Mr. Meeks, Ms. Moore, 
   Mr. Nadler, Mr. Nolan, Ms. Norton, Mr. Pallone, Mr. Pascrell, Ms. 
   Pelosi, Mr. Pierluisi, Ms. Pingree, Mr. Pocan, Mr. Price of North 
 Carolina, Mr. Rangel, Mr. Richmond, Ms. Roybal-Allard, Mr. Rush, Mr. 
  Ryan of Ohio, Mr. Sablan, Ms. Linda T. Saanchez of California, Mr. 
  Sarbanes, Ms. Schakowsky, Mr. David Scott of Georgia, Mr. Scott of 
Virginia, Mr. Serrano, Ms. Sewell of Alabama, Mr. Sires, Ms. Slaughter, 
  Ms. Speier, Mr. Takano, Mr. Thompson of California, Ms. Titus, Mr. 
   Tonko, Mrs. Torres, Ms. Tsongas, Mr. Van Hollen, Mr. Vargas, Mr. 
     Veasey, Mr. Walz, Ms. Wasserman Schultz, Ms. Maxine Waters of 
California, Mrs. Watson Coleman, Mr. Welch, Ms. Wilson of Florida, and 
 Mr. Yarmuth) 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 eliminate the lower 
 threshold for the refundable portion of the child tax credit, and for 
                            other purposes.

    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 ``Child Tax Credit Permanency Act of 
2015''.

SEC. 2. MODIFICATIONS OF THE CHILD TAX CREDIT.

    (a) Refundable Portion.--Clause (i) of section 24(d)(1)(B) of the 
Internal Revenue Code of 1986 is amended to read as follows:
                            ``(i) 25 percent of the taxpayer's earned 
                        income (within the meaning of section 32) which 
                        is taken into account in computing taxable 
                        income for the taxable year, or''.
    (b) Inflation Adjustment.--Section 24 of such Code is amended by 
adding at the end the following new subsection:
    ``(g) Inflation Adjustment.--In the case of any taxable year 
beginning in a calendar year after 2013, the $1,000 amount contained in 
subsection (a) shall be increased by an amount equal to--
            ``(1) such dollar amount, multiplied by
            ``(2) the cost-of-living adjustment determined under 
        section 1(f)(3) for the calendar year in which the taxable year 
        begins, determined by substituting `calendar year 2012' for 
        `calendar year 1992' in subparagraph (B) thereof. Any increase 
        determined under the preceding sentence shall be rounded to the 
        nearest multiple of $50.''.
    (c) Conforming Amendments.--Section 24(d) of such Code is amended 
by striking paragraphs (3) and (4).
    (d) Effective Date.--
            (1) Except as provided in paragraph (2), the amendments 
        made by this section shall apply to taxable years beginning 
        after December 31, 2014.
            (2) The amendment made by subsection (b) shall apply to 
        taxable years beginning after December 31, 2012.
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