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.

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