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108th Congress > House > Vote 882
Clerk session vote number: 208
Sponsor: PORTER, Jon C. (R-NV)
Description: Levin of Michigan Substitute Amendment
Bill summary: (This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Child Credit Preservation and Expansion Act of 2004 - Amends the Internal Revenue Code to repeal the scheduled reductions in the amount of the child tax credit for taxable years beginning in 2005 through 2009 (from $1,000 to $700 in 2005 through 2008 and $800 in 2009). Makes the $1,000 credit amount permanent.
Increases the income threshold amount for calculating reductions in the credit
amount to $125,000 ($250,000 for married taxpayers filing a joint return). Eliminates the reduction in the percentage of earned income for calculating the refundable portion of the credit (15 to 10 percent) for taxable years beginning before 2005.
Includes in earned income for purposes of calculating the refundable portion of the credit otherwise tax excludable combat zone compensation of members of the armed forces.
Exempts from the general termination date in the Economic Growth and Tax Relief Reconciliation Act of 2001 (December 31, 2010) provisions of that Act disregarding as income any refunds from the child tax credit for purposes of determining eligibility for federally funded assistance programs.
Bill titles: To amend the Internal Revenue Code of 1986 to increase the child tax credit.
Links for more info on the vote: congress.gov
