H.R. 4044 — Introduced in House

I 113th CONGRESS 2d Session H. R. 4044 IN THE HOUSE OF REPRESENTATIVES February 11, 2014 Mr. Braley of Iowa 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 child tax credit for 2 years. 1. Short title This Act may be cited as the Child Tax Credit Restoration Act of 2014. 2. Temporary modification of child tax credit (a) In general Section 24 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (g) Special rules for 2014 and 2015 In the case of any taxable year beginning in 2014 or 2015— (1) Increased credit per child Subsection (a) shall be applied by substituting $2,000 for $1,000. (2) Increased refundability Subsection (d)(1)(B)(i) shall be applied by substituting 30 percent for 15 percent. . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2013.