[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1425 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1425

 To amend the Internal Revenue Code of 1986 to increase the amount of 
 the child tax credit, to make such credit fully refundable, to remove 
      income limitations from such credit, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 18, 2025

Mr. Mackenzie 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 amount of 
 the child tax credit, to make such credit fully refundable, to remove 
      income limitations from such credit, and for other purposes.

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

SECTION 1. CHILD TAX CREDIT IMPROVEMENTS.

    (a) Increase in Credit Amount.--Section 24(a) of the Internal 
Revenue Code of 1986 is amended by striking ``$1,000'' and inserting 
``$5,000''.
    (b) Removal of Income Limitations.--Section 24 of such Code is 
amended by striking subsection (b).
    (c) Removal of Deadwood.--
            (1) Section 24 of such Code is amended by striking 
        subsections (i) and (j).
            (2) Section 24(k)(2) of such Code is amended--
                    (A) by striking subparagraph (A), and
                    (B) by striking ``(B) Application to taxable years 
                after 2021.''.
            (3) Section 24(k)(3)(A) of such Code is amended by striking 
        ``and without regard to the application of this section to bona 
        fide residents of Puerto Rico under subsection (i)(1)''.
            (4) Section 24(k)(3)(C)(ii) of such Code is amended to read 
        as follows:
                            ``(ii) Application of section in event of 
                        absence of approved plan.--In the case of a 
                        taxable year with respect to which a plan is 
                        not approved under subparagraph (B), rules 
                        similar to the rules of paragraph (2) shall 
                        apply with respect to bona fide residents of 
                        American Samoa (within the meaning of section 
                        937(a)).''.
            (5) Chapter 77 of such Code is amended by striking section 
        7527A (and by striking the item relating to such section in the 
        table of sections for such chapter).
    (d) Conforming Amendments.--Section 24(h) of such Code is amended 
by striking paragraphs (2) and (3).
    (e) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
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