,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bcij  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bb1 #bjad ,ms4   
,heitkamp 7= h]self & ,mr4 ,ka9e7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to create a tax   
cr$it = fo/] families4  #a4 ,%ort title 
,?is ,act may be cit$ z ! ,fo/] ,c>e    
,tax ,cr$it ,act4  #b4 ,fo/] c>e tax    
cr$it  7a7 ,9 g5]al ,subp>t ,a ( "p ,,iv
 ( sub*apt] ,a ( *apt] #a ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #be;,d ! foll[+ new       
section3  #be;,e4 ,fo/] c>e tax cr$it   
7a7 ,all[ance ( cr$it ,) respect to ea* 
qualify+ fo/] *ild ( an eligible        
taxpay]1 = ea* cal5d> mon? occurr+ dur+ 
! taxable ye> t su* *ild resides 9 !    
home ( su* taxpay]1 !re %all be all[$ z 
a cr$it aga9/ ! tax impos$ by ?is *apt] 
= ! taxable ye> an am\nt equal to #a_/ab
 ( ! am\nt det]m9$ "u subsection 7b74   
7b7 ,am\nt det]m9$  7#a7 ,9 g5]al ,!    

am\nt det]m9$ "u ?is subsection )       
respect to an eligible taxpay] & a      
taxable ye> is-- 7,a7 #a1jjj1 r$uc$ by  
7,b7 #ej = ea* #a1jjj 7or fraction !re(7
 by :i* ! eligible taxpay]'s modifi$    
adju/$ gross income exce$s ! ?re%old    
am\nt4  ,= purposes ( ! prec$+ s5t5ce1 !
 t]m modifi$ adju/$ gross income means  
adju/$ gross income increas$ by any     
am\nt exclud$ f gross income "u section 
#iaa1 #ica1 or #icc4  7#b7 ,?re%old     
am\nt ,= purposes ( p>agraph 7#a71 ! t]m
 ?re%old am\nt has ! mean+ giv5 su* t]m 
by section #bd7;b77#b74  7c7 ,qualify+  
fo/] *ild ,= purposes ( ?is section1 !  
t]m qualify+ fo/] *ild means an eligible
 fo/] *ild 7)9 ! mean+ ( section        
#aeb7;f77#a77;,c77 ( ! eligible         
taxpay]-- 7#a7 :o has n atta9$ age #ag1 
7#b7 :o is a citiz51 national1 or       
resid5t ( ! ,unit$ ,/ates1  7#c7 :o     
resides 9 ! home ( ! eligible taxpay] = 
n less ?an #a cal5d> mon? dur+ ! taxable
 ye>1 &  7#d7 ) respect to :om ! cr$it  
"u section #bd is n all[able to !       

eligible taxpay] or any o!r taxpay] :o  
w\ld be an eligible taxpay] b = p>agraph
 7#c7 ( subsection 7d74  7d7 ,eligible  
taxpay] ,= purposes ( ?is section1 ! t]m
 eligible taxpay] means any taxpay]1    
except t-- 7#a7 no s+le h\sehold %all   
include m ?an #a eligible taxpay]1  7#b7
 m>ri$ individuals fil+ a jo9t return   
%all be treat$ z #a eligible taxpay]1 & 
7#c7 9 ! case ( individuals n describ$ 9
 p>agraph 7#b7 :o are memb]s ( ! same   
h\sehold1 only ! taxpay] ) ! highe/     
adju/$ gross income = ! taxable ye> %all
 be treat$ z an eligible taxpay]4  7e7  
,cal5d> mon? ,= purposes ( ?is section1 
if a fo/] *ild resides 9 ! home ( !     
taxpay] = m ?an #ae consecutive days ( a
 cal5d> mon? b few] ?an ! total numb] ( 
days 9 su* cal5d> mon?1 su* fo/] *ild   
%all be treat$ z resid+ 9 ! home ( !    
taxpay] = ! full cal5d> mon?4  7f7      
,portion ( cr$it refundable  7#a7 ,9    
g5]al ,! aggregate cr$its all[$ to a    
taxpay] "u subp>t ,c %all be increas$ by
 ! less] (-- 7,a7 ! cr$it :i* w\ld be   

all[$ "u ?is section )\t reg>d to ?is   
subsection & ! limitation "u section    
#bf7;a7 7det]m9$ aft] any r$uction ( !  
cr$it "u section #bd7;a7 by reason (    
section #bd7;d771 or  7,b7 ! am\nt by   
:i* ! aggregate am\nt ( cr$its all[$ by 
?is subp>t 7det]m9$ )\t reg>d to ?is    
subsection1 & aft] any r$uction ( !     
cr$it "u section #bd7;a7 by reason (    
section #bd7;d77 w\ld increase if !     
limitation impos$ by section #bf7;a7 7  
increas$ by ! great] (-- 7i7 #ae p]c5t (
 s mu* ( ! taxpay]'s e>n$ income 7)9 !  
mean+ ( section #cb7 :i* is tak5 into   
acc\nt 9 comput+ taxable income = !     
taxable ye> z exce$s #aj1jjj1 or  7ii7 9
 ! case ( a taxpay] ) #c or m qualify+  
fo/] *ildr5 resid+ 9 ! home ( ! taxpay] 
= all mon?s 9 ! taxable ye> 7)\t reg>d  
to :e!r ! same #c *ildr5 reside 9 ! home
 ( ! taxpay] = all su* mon?s71 ! excess 
7if any7 (-- 7,i7 ! taxpay]'s social    
security taxes = ! taxable ye>1 ov]     
7,,ii7 ! cr$it all[$ "u section #cb = ! 
taxable ye>4  ,! am\nt ( ! cr$it all[$  

"u ?is subsection %all n be treat$ z a  
cr$it all[$ "u ?is subp>t & %all r$uce !
 am\nt ( cr$it o!rwise all[able "u      
subsection 7a7 )\t reg>d to section     
#bf7;a74 ,= purposes ( subp>agraph 7,b71
 any am\nt exclud$ f gross income by    
reason ( section #aab %all be treat$ z  
e>n$ income :i* is tak5 into acc\nt 9   
comput+ taxable income = ! taxable ye>4 
7#b7 ,social security taxes ,= purposes 
( p>agraph 7#a71 ! t]m social security  
taxes has ! same mean+ z :5 us$ 9       
section #bd7;d77#a74  7#c7 ,inflation   
adju/m5t ,9 ! case ( any taxable ye>    
beg9n+ 9 a cal5d> ye> aft] #bjja1 !     
#aj1jjj am\nt conta9$ 9 p>agraph        
7#a77;,b77i7 %all be adju/$ 9 ! same    
mann] z ! #aj1jjj am\nt "u section      
#bd7;d77#a77;,b7 is adju/$ "u section   
#bd7;d77#c74  7g7 ,id5tification        
requirem5t ,no cr$it %all be all[$ "u   
?is section to an eligible taxpay] )    
respect to any qualify+ fo/] *ild unless
 ! taxpay] includes ! "n & taxpay]      
id5tification numb] ( su* qualify+ fo/] 

*ild on ! return ( tax = ! taxable ye>4 
4  7b7 ,cl]ical am5dm5t ,! table (      
sections = subp>t ,a ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to section #be;,d ! 
foll[+ new item3  ,sec4 #be;,e4 ,fo/]   
c>e tax cr$it4  4  7c7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to cal5d> mon?s beg9n+ aft]       
,decemb] #ca1 #bjac1 9 taxable ye>s     
beg9n+ aft] su* date4  7d7 ,education ,!
 ,secret>y ( ,heal? & ,human ,s]vices   
7or ! ,secret>y's delegate71 9          
coord9ation ) ! ,secret>y ( ! ,treasury 
or su* ,secret>y's delegate1 %all       
id5tify provisions 9 ! ,int]nal ,rev5ue 
,code ( #aihf t c be us$ by or c b5efit 
fo/] families1 & %all increase outrea*  
ef=ts to provide in=mation & educational
 mat]ials reg>d+ su* provisions to ,/ate
 & ,indian tribal fo/] c>e ag5cies & to 
fo/] families4