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S 26 IS
111th CONGRESS
1st Session
S. 26
To amend the Internal Revenue Code of 1986 to reset the income threshold used to calculate the refundable portion of the child tax credit and to repeal the sunset for certain prior modifications made to the credit.
IN THE SENATE OF THE UNITED STATES
January 7, 2009
Mrs. LINCOLN introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to reset the income threshold used to calculate the refundable portion of the child tax credit and to repeal the sunset for certain prior modifications made to the credit.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. MODIFICATION OF CHILD TAX CREDIT; REPEAL OF SUNSET.
(a) Modification of Threshold Amount-
(1) IN GENERAL- Clause (i) of section 24(d)(1)(B) of the Internal Revenue Code of 1986 is amended by striking ‘$10,000’ and inserting ‘$8,500’.
(2) REPEAL OF INFLATION ADJUSTMENT TO EARNED INCOME BASE- Subsection (d) of section 24 of such Code (relating to portion of credit refundable) is amended by striking paragraph (3).
(3) CONFORMING AMENDMENT- Section 24(d) of such Code is amended by striking paragraph (4).
(4) EFFECTIVE DATE- The amendments made by this subsection shall apply to taxable years beginning after December 31, 2009.
(b) Repeal of EGTRRA Sunset- Title IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 (relating to sunset of provisions of such Act) shall not apply to sections 201 and 203 of such Act (relating to modifications to child tax credit and refunds disregarded in the administration of federal programs and federally assisted programs).
U.S. Congress - Text of S.26 as Introduced in Senate Working Family Child Assistance Act 
