H.R.4935 - Child Tax Credit Improvement Act of 2014113th Congress (2013-2014)
|Sponsor:||Rep. Jenkins, Lynn [R-KS-2] (Introduced 06/23/2014)|
|Committees:||House - Ways and Means|
|Committee Reports:||H. Rept. 113-527|
|Latest Action:||House - 07/25/2014 Pursuant to the provisions of H. Res. 680, H.R. 4935 is laid on the table. (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.4935 — 113th Congress (2013-2014)All Information (Except Text)
Passed House amended (07/25/2014)
Child Tax Credit Improvement Act of 2014 - Amends the Internal Revenue Code, with respect to the child tax credit, to: (1) increase from $110,00 to $150,000 ($75,000 for individual taxpayers and married taxpayers filing separately) the threshold amount applicable to married couples filing joint tax returns above which such tax credit is reduced, and (2) allow an inflation adjustment to the threshold amounts and the $1,000 credit amount beginning after 2014.
Requires taxpayers to include their social security numbers on their tax returns to claim the refundable portion of the child tax credit.
Prohibits the entry of the budgetary effects of this Act on any PAYGO (pay-as-you-go) scorecard.