,,ii  #aai? ,,congress  #a/ ,session    
,s4 #adba  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #aj1 #bjbe,ms4  
,smi? 7= h]self1 ,mrs4 ,%ahe51 ,mr4     
,w>nock1 ,mr4 ,wyd51 ,mrs4 ,murray1 ,mr4
 ,fett]man1 ,mr4 ,s*atz1 ,ms4 ,duckwor?1
 ,ms4 ,hirono1 ,mr4 ,van ,holl51 ,mr4   
,durb91 ,ms4 ,klobu*>1 ,mr4 ,he9ri*1    
,ms4 ,cantwell1 ,mr4 ,k+1 ,mr4 ,m]kley1 
,mr4 ,blum5?al1 ,mr4 ,book]1 ,ms4       
,slotk91 ,mr4 ,re$1 ,mr4 ,b5net1 ,mr4   
,murphy1 ,mr4 ,wel*1 ,mr4 ,gallego1 ,mr4
 ,s*um]1 ,mr4 ,s*iff1 ,ms4 ,baldw91     
,mrs4 ,gillibr&1 ,mr4 ,:iteh\se1 & ,mr4 
,lujn7 introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to enhance ! ,*ild
 & ,dep5d5t ,c>e ,tax ,cr$it & make !   
cr$it fully refundable = c]ta9 taxpay]s4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,*ild & ,dep5d5t ,c>e ,tax ,cr$it   
,enhancem5t ,act ( #bjbe4  #b4          
,enhancem5t ( ,*ild & ,dep5d5t ,c>e ,tax
 ,cr$it  7a7 ,9 g5]al ,p>agraph 7#b7 (  

section #ba7;a7 ( ! ,int]nal ,rev5ue    
,code ( #aihf is am5d$ to read z foll[s3
  7#b7 ,applicable p]c5tage  7,a7 ,9    
g5]al ,= purposes ( p>agraph 7#a71 ! t]m
 applicable p]c5tage means #ej p]c5t    
r$uc$ 7b n bel[ ! phase\t p]c5tage7 by  
#a p]c5tage po9t = ea* #b1jjj 7or       
fraction !re(7 by :i* ! taxpay]'s adju/$
 gross income = ! taxable ye> exce$s    
#abe1jjj4  7,b7 ,phase\t p]c5tage ,=    
purposes ( subp>agraph 7,a71 ! t]m      
phase\t p]c5tage means #bj p]c5t r$uc$  
7b n bel[ z]o7 by #a p]c5tage po9t = ea*
 #b1jjj 7or fraction !re(7 by :i* !     
taxpay]'s adju/$ gross income = !       
taxable ye> exce$s #djj1jjj4  4  7b7    
,increase 9 doll> limit on am\nt        
cr$itable ,subsection 7c7 ( section #ba 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+  
#c1jjj & ins]t+ #h1jjj2 &  7#b7 9       
p>agraph 7#b71 by /rik+ #f1jjj & ins]t+ 
#af1jjj4  7c7 ,special rule = m>ri$     
c\ples fil+ sep>ate returns ,p>agraph   
7#b7 ( section #ba7;e7 ( ! ,int]nal     

,rev5ue ,code ( #aihf is am5d$ to read z
 foll[s3  7#b7 ,m>ri$ c\ples fil+       
sep>ate returns  7,a7 ,9 g5]al ,9 ! case
 ( m>ri$ individuals :o d n file a jo9t 
return = ! taxable ye>-- 7i7 !          
applicable p]c5tage "u subsection       
7a77#b7 & ! numb] ( qualify+ individuals
 & aggregate am\nt excludable "u section
 #abi = purposes ( subsection 7c7 %all  
be det]m9$ ) respect to ea* su*         
individual z if ! individual _h fil$ a  
jo9t return ) ! individual's sp\se1 &   
7ii7 ! aggregate am\nt ( ! cr$its all[$ 
"u ?is section = su* taxable ye> )      
respect to bo? sp\ses %all n exce$ !    
am\nt :i* w\ld h be5 all[$ "u ?is       
section if ! individuals _h fil$ a jo9t 
return4  7,b7 ,regulations ,! ,secret>y 
%all prescribe su* regulations or o!r   
guidance z is necess>y to c>ry out !    
purposes ( ?is subsection4  4  7d7      
,adju/m5t = inflation ,section #ba ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new           
subsection3  7i7 ,inflation adju/m5t    

7#a7 ,9 g5]al ,9 ! case ( a cal5d> ye>  
beg9n+ aft] #bjbe1 ! #abe1jjj am\nt 9   
p>agraph 7#b7 ( subsection 7a7 & ! doll>
 am\nts 9 subsection 7c7 %all ea* be    
increas$ by an am\nt equal to-- 7,a7 su*
 doll> am\nt1 multipli$ by  7,b7 !      
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
cal5d> ye> #bjbd = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7#b7 ,r\nd+ 
,if any doll> am\nt1 aft] be+ increas$  
"u p>agraph 7#a71 is n a multiple (     
#ajj1 su* doll> am\nt %all be r\nd$ to !
 next l[e/ multiple ( #ajj4  4  7e7     
,cr$it made refundable ,section #ba7;g7 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ to read z foll[s3  7g7 ,cr$it made
 refundable = c]ta9 individuals ,if !   
taxpay] 79 ! case ( a jo9t return1 ei!r 
sp\se7 has a pr9cipal place ( abode 9 ! 
,unit$ ,/ates 7det]m9$ z provid$ 9      
section #cb7 = m ?an "o-half ( ! taxable
 ye>1 ! cr$it all[$ "u subsection 7a7   
%all be treat$ z a cr$it all[$ "u subp>t

 ,c 7& n all[$ "u ?is subp>t74  4  7f7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjbd4