Amendment in the nature of a substitute sought to make the existing child tax credit permanent, indexed to inflation; make the tax credit available to families making less than $110,000; accelerate the increase in the refundable portion of the credit, from 10 percent to 15 percent; provide the tax credit to low income individuals; and offset the costs of the bill with an additional tax on high income taxpayers.

Purpose:

An amendment in the nature of a substitute to add a complete new text.

House Amendment Code:

(A001)

House Tally Clerks use this code to manage amendment information.