[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4846 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 4846

 To amend the Internal Revenue Code of 1986 to increase the child tax 
                                credit.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2016

 Mrs. Comstock (for herself, Mr. Allen, Mr. Cicilline, Mr. Schweikert, 
  Ms. Ros-Lehtinen, and Mr. Rodney Davis of Illinois) 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 increase the child tax 
                                credit.

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

SECTION 1. INCREASE IN CHILD TAX CREDIT.

    (a) In General.--Section 24(a) of the Internal Revenue Code of 1986 
is amended by striking ``$1,000'' and inserting ``$2,000''.
    (b) Increase in Dollar Threshold at Which Credit Phase-Out 
Begins.--
            (1) In general.--Section 24(b)(2) of such Code is amended--
                    (A) by striking ``$110,000'' in subparagraph (A) 
                and inserting ``$150,000'',
                    (B) by striking ``$75,000'' in subparagraph (B) and 
                inserting ``$100,000'', and
                    (C) by striking ``$55,000'' in subparagraph (C) and 
                inserting ``75,000''.
            (2) Increase for additional qualifying children.--Section 
        24(b) of such Code is amended by adding at the end the 
        following new paragraph:
            ``(3) Increase in threshold amount based on number of 
        qualifying children.--In the case of a taxpayer with 2 or more 
        qualifying children, the threshold amount otherwise determined 
        under paragraph (2) shall be increased by $15,000 for each 
        qualifying child of the taxpayer in excess of the first such 
        child.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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