I
113th CONGRESS
1st Session
H. R. 769
IN THE HOUSE OF REPRESENTATIVES
February 15, 2013
Ms. DeLauro (for herself, Mr. Neal, Mr. Andrews, Mr. Becerra, Mr. Blumenauer, Ms. Bonamici, Ms. Brown of Florida, Ms. Brownley of California, Mr. Capuano, Mr. Carson of Indiana, Mr. Cicilline, Ms. Clarke, Mr. Clyburn, Mr. Conyers, Mr. Courtney, Mr. Crowley, Mr. Cuellar, Mr. Cummings, Mr. DeFazio, Mr. Doggett, Ms. Edwards, Mr. Ellison, Ms. Eshoo, Mr. Fattah, Ms. Fudge, Mr. Gene Green of Texas, Mr. Grijalva, Mr. Honda, Mr. Hoyer, Mr. Israel, Mr. Johnson of Georgia, Mr. Himes, Ms. Kaptur, Mr. Kildee, Mr. Langevin, Mr. Larson of Connecticut, Ms. Lee of California, Mr. Levin, Mr. Lewis, Ms. Lofgren, Mrs. Lowey, Mr. Ben Ray Luján of New Mexico, Mrs. Carolyn B. Maloney of New York, Ms. Matsui, Mr. McDermott, Mr. McGovern, Ms. Meng, Mr. George Miller of California, Ms. Moore, Mr. Moran, Mr. Nadler, Mr. Pascrell, Ms. Pingree of Maine, Mr. Pocan, Mr. Price of North Carolina, Mr. Rangel, Ms. Roybal-Allard, Mr. Sablan, Ms. Linda T. Sánchez of California, Ms. Schakowsky, Ms. Schwartz, Mr. Serrano, Ms. Sewell of Alabama, Ms. Shea-Porter, Ms. Slaughter, Ms. Speier, Mr. Takano, Mr. Tierney, Mr. Tonko, Ms. Waters, Mr. Waxman, Mr. Welch, and Mrs. Davis of California) 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 permanently extend the lower threshold for the refundable portion of the child tax credit and to adjust the credit amount for inflation.
Short title
This Act may be cited as the
Child Tax Credit Permanency Act of
2013
.
Modifications of the child tax credit
Permanent extension
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
$3,000
.
Conforming amendments
Section 24(d) of such Code is amended by striking paragraphs (3) and (4).
Inflation adjustment
Section 24 of such Code is amended by adding at the end the following new subsection:
Inflation adjustment
In the case of any taxable year beginning in a calendar year after 2013, the $1,000 amount contained in subsection (a) shall be increased by an amount equal to—
such dollar amount, multiplied by
the cost-of-living
adjustment determined under section 1(f)(3) for the calendar year in which the
taxable year begins, determined by substituting calendar year
2012
for calendar year 1992
in subparagraph (B)
thereof.
.
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2012.