[Congressional Record Volume 170, Number 124 (Tuesday, July 30, 2024)]
[Senate]
[Page S5605]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3198. Mr. MANCHIN submitted an amendment intended to be proposed 
by him to the bill H.R. 7024, to make improvements to the child tax 
credit, to provide tax incentives to promote economic growth, to 
provide special rules for the taxation of certain residents of Taiwan 
with income from sources within the United States, to provide tax 
relief with respect to certain Federal disasters, to make improvements 
to the low-income housing tax credit, and for other purposes; which was 
ordered to lie on the table; as follows:

       At the end of title I, insert the following:

     SEC. 106. REDUCTION OF THRESHOLD AMOUNT.

       (a) In General.--Section 24(h)(3) is amended by striking 
     ``$400,000 in the case of a joint return ($200,000 in any 
     other case)'' and inserting ``$150,000 in the case of a joint 
     return ($75,000 in any other case)''.
       (b) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2022.
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