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S.Amdt. 2652Senate109th Congress (2005-2007)

To modify the income threshold used to calculate the refundable portion of the child tax credit.

What it does: Adds SEC. __. $10,000 INCOME THRESHOLD USED TO CALCULATE REFUNDABLE PORTION OF CHILD TAX CREDIT at the end of title IV
Sponsored by Blanche L. LincolnSen. Blanche L. Lincoln (D-AR)
Submitted November 17, 2005

What it changes

1 change to S. 2020 · shown in the bill's text

Adds a section
Proposed · Nov 18, 2005Submitted · Nov 17, 2005

  1. Adds SEC. __. $10,000 INCOME THRESHOLD USED TO CALCULATE REFUNDABLE PORTION OF CHILD TAX CREDIT at the end of title IV

    Adds a section

    In S. 2020 · Placed on Calendar Senate

    (d) Effective Date.--The amendments made by this section shall apply to amounts paid or accrued during the period beginning after December 31, 2006, and before January 1, 2008, and properly allocable to such period, with respect to mortgage insurance contracts issued after December 31, 2006.

    Inserted: SEC. __. $10,000 INCOME THRESHOLD USED TO CALCULATE REFUNDABLE PORTION OF CHILD TAX CREDIT.

    Inserted: (a) In General.--Section 24(d) (relating to portion of credit refundable) is amended--

    Inserted: (1) by striking "as exceeds" and all that follows through ", or" in paragraph (1)(B)(i) and inserting "as exceeds $10,000, or", and

    Inserted: (2) by striking paragraph (3).

    Inserted: (b) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2004.

    Inserted: (c) Application of Sunset to This Section.--Each amendment made by this section shall be subject to title IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 to the same extent and in the same manner as the provision of such Act to which such amendment relates.

    Original wording

    At the end of title IV, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed

SA 2652. Mrs. LINCOLN (for herself, Ms. Snowe, Mr. Obama, and Mr. Rockefeller) submitted an amendment intended to be proposed by her to the bill S. 2020, to provide for reconciliation pursuant to section 202(b) of the concurrent resolution on the budget for fiscal year 2006; as follows:

At the end of title IV, add the following:

SEC. __. $10,000 INCOME THRESHOLD USED TO CALCULATE REFUNDABLE PORTION OF CHILD TAX CREDIT.

(a) In General.--Section 24(d) (relating to portion of credit refundable) is amended--

(1) by striking “as exceeds” and all that follows through “, or” in paragraph (1)(B)(i) and inserting “as exceeds $10,000, or”, and

(2) by striking paragraph (3).

(b) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2004.

(c) Application of Sunset to This Section.--Each amendment made by this section shall be subject to title IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 to the same extent and in the same manner as the provision of such Act to which such amendment relates.

Congressional RecordPDF

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Senate amendment submitted

November 17, 2005

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Senate amendment submitted

November 17, 2005

Floor

Senate amendment proposed (on the floor): Amendment SA 2652 proposed by Senator Lincoln.

November 17, 2005

Floor

Amendment SA 2652 proposed by Senator Lincoln. (consideration: CR S13127-13128; text: CR S13127) To modify the income threshold used to calculate the refundable portion of the child tax credit.

November 17, 2005

Floor

Proposed amendment SA 2652 withdrawn in Senate.

November 17, 2005