[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Pages S7594-S7595]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1714. Mr. DAINES (for himself, Mrs. Ernst, Mr. Lankford, Mr.
Moran, Mr. Inhofe, Mr. Blunt, Mrs. Fischer, and Mr. Lee) submitted an
amendment intended to be proposed to amendment SA 1618 proposed by Mr.
McConnell (for Mr. Hatch (for himself and Ms. Murkowski)) to the bill
H.R. 1, to provide for reconciliation pursuant to titles II and V of
the concurrent resolution on the budget for fiscal year 2018; which was
ordered to lie on the table; as follows:
Beginning on page 43, strike line 16 and all that follows
through page 45, line 20 and insert the following:
``(4) Partial credit allowed for certain other
dependents.--
``(A) In general.--The credit determined under subsection
(a) (after the application of
[[Page S7595]]
paragraph (2)) shall be increased by $500 for each dependent
of the taxpayer (as defined in section 152) other than a
qualifying child described in subsection (c).
``(B) Exception for certain noncitizens.--Subparagraph (A)
shall not apply with respect to any individual who would not
be a dependent if subparagraph (A) of section 152(b)(3) were
applied without regard to all that follows `resident of the
United States'.
``(5) Maximum amount of refundable credit.--
``(A) In general.--Subsection (d)(1)(A) shall be applied
without regard to paragraphs (2) and (5) of this subsection.
``(B) Adjustment for inflation.--In the case of a taxable
year beginning after 2017, subsection (d)(1)(A) shall be
applied as if the $1,000 amount in subsection (a) were
increased (but not to exceed the amount under paragraph (2)
of this subsection) by an amount equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which the taxable
year begins.
Any increase determined under the preceding sentence shall be
rounded to the next highest multiple of $100.
``(6) Earned income threshold for refundable credit.--
Subsection (d)(1)(B)(i) shall be applied by substituting
`$2,500' for `$3,000'.
``(7) Social security number required.--No credit shall be
allowed under subsection (d) to a taxpayer with respect to
any qualifying child unless the taxpayer includes the social
security number of such child on the return of tax for the
taxable year. For purposes of the preceding sentence, the
term `social security number' means a social security number
issued to an individual by the Social Security
Administration, but only if the social security number is
issued to a citizen of the United States or is issued
pursuant to subclause (I) (or that portion of subclause (III)
that relates to subclause (I)) of section 205(c)(2)(B)(i) of
the Social Security Act.
``(8) Credit allowed with respect to unborn children.--
``(A) In general.--The term `qualifying child' includes an
unborn child (as defined in section 1841(d) of title 18,
United States Code) for any such taxable year if such child
is born and issued a social security number (as defined in
subsection (h)(7)) before the due date for the return of tax
(without regard to extensions) for the taxable year.
``(B) Double credit in case of children unable to claim
credit.--In the case of any child born during a taxable year
described in paragraph (1) who is not taken into account
under subparagraph (A) for the taxable year immediately
preceding the taxable year in which the child is born, the
amount of the credit determined under this section with
respect to such child for the taxable year of the child's
birth shall be increased by 100 percent.''.
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