[House Prints 113-54]
[From the U.S. Government Publishing Office]




S:\CLERK\XML\CPRT-113-HPRT-RUOO-HR493S.XML 





                              JULY 17, 2014 
 
                    RULES COMMITTEE PRINT 113-54 

                TEXT OF H.R. 4935, CHILD TAX CREDIT 
                    IMPROVEMENT ACT OF 2014 
       [Showing the text of the bill as reported by the Committee on 
              Ways and Means, with modifications.] 


1 SECTION 1. SHORT TITLE. 

2     This Act may be cited as the "Child Tax Credit Im-

3 provement Act of 2014". 

4 SEC. 2. ELIMINATION OF MARRIAGE PENALTY IN CHILD 

5              TAX CREDIT; INFLATION ADJUSTMENT OF 

6               CREDIT AMOUNT AND PHASEOUT THRESH- 

7               OLDS IN CHILD TAX CREDIT. 

8     (a) ELIMINATION OF MARRIAGE PENALTY.--Section 

9 24(b)(2) of the Internal Revenue Code of 1986 is amended 


10 by striking "means-" and all that follows and inserting 

11 "means $75,000 (twice such amount in the case of a joint 

12 return).". 

13 (b) INFLATION ADJUSTMENT OF CREDIT AMOUNT 

14 AND PHASEOUT THRESHOLDS.-Section 24 of such Code 

15 is amended by adding at the end the following new sub-

16 section: 

17      "(g) INFLATION ADJUSTMENT.--



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July 17, 2014 (6:13 p.m.)

[TEXT NOT AVAILABLE]


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