I
119THCONGRESS
1
STSESSION 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
FEBRUARY18, 2025
Mr. M
ACKENZIEintroduced 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 Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. CHILD TAX CREDIT IMPROVEMENTS. 3
(a) I
NCREASE INCREDITAMOUNT.—Section 24(a) of 4
the Internal Revenue Code of 1986 is amended by striking 5
‘‘$1,000’’ and inserting ‘‘$5,000’’. 6
(b) R
EMOVAL OFINCOMELIMITATIONS.—Section 24 7
of such Code is amended by striking subsection (b). 8
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(c) REMOVAL OFDEADWOOD.— 1
(1) Section 24 of such Code is amended by 2
striking subsections (i) and (j). 3
(2) Section 24(k)(2) of such Code is amended— 4
(A) by striking subparagraph (A), and 5
(B) by striking ‘‘(B) A
PPLICATION TO 6
TAXABLE YEARS AFTER 2021 .’’. 7
(3) Section 24(k)(3)(A) of such Code is amend-8
ed by striking ‘‘and without regard to the applica-9
tion of this section to bona fide residents of Puerto 10
Rico under subsection (i)(1)’’. 11
(4) Section 24(k)(3)(C)(ii) of such Code is 12
amended to read as follows: 13
‘‘(ii) A
PPLICATION OF SECTION IN 14
EVENT OF ABSENCE OF APPROVED 15
PLAN.—In the case of a taxable year with 16
respect to which a plan is not approved 17
under subparagraph (B), rules similar to 18
the rules of paragraph (2) shall apply with 19
respect to bona fide residents of American 20
Samoa (within the meaning of section 21
937(a)).’’. 22
(5) Chapter 77 of such Code is amended by 23
striking section 7527A (and by striking the item re-24
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lating to such section in the table of sections for 1
such chapter). 2
(d) C
ONFORMINGAMENDMENTS.—Section 24(h) of 3
such Code is amended by striking paragraphs (2) and (3). 4
(e) E
FFECTIVEDATE.—The amendments made by 5
this section shall apply to taxable years beginning after 6
December 31, 2024. 7
Æ
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