119-hr1425

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1425 Introduced in House

    (IH) ]

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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 respect to bona fide residents of 
 American Samoa (within the meaning of 

section 937

    (a) ).''.

    (5) Chapter 77 of such Code is amended by striking 

section 7527A (and by striking the item relating to such section in the 
 table of sections for such chapter).
            (d) Conforming Amendments.--

Section 24

    (h) of such Code is amended 
by striking paragraphs

    (2) and

    (3) .

    (e) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
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