IB 

Union Calendar No. 393 

113TH CONGRESS 

2D SESSION H. R. 4935 

[Report No. 113–527] 

To amend the Internal Revenue Code of 1986 to make improvements to 

the child tax credit. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 23, 2014 

Ms. JENKINS (for herself, Mr. KELLY of Pennsylvania, and Mr. NUNES) introduced the following bill; which was referred to the Committee on Ways 

and Means 

JULY 17, 2014 

Additional sponsor: Mr. REED

JULY 17, 2014 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 


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•HR 4935 RH

A BILL 

To amend the Internal Revenue Code of 1986 to make 

improvements to the child tax credit. 


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•HR 4935 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Child Tax Credit Im5 provement Act of 2014’’. 

6 SEC. 2. IMPROVEMENTS TO CHILD TAX CREDIT. 

7 (a) ELIMINATION OF MARRIAGE PENALTY.—Section 

8 24(b)(2) of the Internal Revenue Code of 1986 is amended 

9 by striking ‘‘means—’’ and all that follows and inserting 

10 ‘‘means $75,000 (twice such amount in the case of a joint 

11 return).’’. 

12 (b) INFLATION ADJUSTMENT OF CREDIT AMOUNT

13 AND PHASEOUT THRESHOLDS.—Section 24 of such Code 

14 is amended by adding at the end the following new sub15 section: 

16 ‘‘(g) INFLATION ADJUSTMENT.— 

17 ‘‘(1) IN GENERAL.—In the case of any taxable 

18 year beginning in a calendar year after 2014, the 

19 $1,000 amount in subsection (a) and the $75,000 

20 amount in subsection (b)(2) shall each be increased 

21 by an amount equal to— 

22 ‘‘(A) such dollar amount, multiplied by 

23 ‘‘(B) the cost-of-living adjustment deter24 mined under section 1(f)(3) for the calendar 

25 year in which the taxable year begins, deterVerDate Mar 15 2010 22:36 Jul 17, 2014 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6401 E:\BILLS\H4935.RH H4935

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•HR 4935 RH

1 mined by substituting ‘calendar year 2013’ for 

2 ‘calendar year 1992’ in subparagraph (B) 

3 thereof. 

4 ‘‘(2) ROUNDING.—Any increase determined 

5 under paragraph (1) shall be rounded— 

6 ‘‘(A) in the case of the $1,000 amount in 

7 subsection (a), to the nearest multiple of $50, 

8 and 

9 ‘‘(B) in the case of the $75,000 amount in 

10 subsection (b)(2), to the nearest multiple of 

11 $1,000.’’. 

12 (c) EFFECTIVE DATE.—The amendments made by 

13 this section shall apply to taxable years beginning after 

14 December 31, 2014. 

15 SECTION 1. SHORT TITLE. 

16 This Act may be cited as the ‘‘Child Tax Credit Im17 provement Act of 2014’’. 

18 SEC. 2. IMPROVEMENTS TO CHILD TAX CREDIT. 

19 (a) ELIMINATION OF MARRIAGE PENALTY.—Section 

20 24(b)(2) of the Internal Revenue Code of 1986 is amended 

21 by striking ‘‘means—’’ and all that follows and inserting 

22 ‘‘means $75,000 (twice such amount in the case of a joint 

23 return).’’. 


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•HR 4935 RH

1 (b) INFLATION ADJUSTMENT OF CREDIT AMOUNT AND

2 PHASEOUT THRESHOLDS.—Section 24 of such Code is 

3 amended by adding at the end the following new subsection: 

4 ‘‘(g) INFLATION ADJUSTMENT.— 

5 ‘‘(1) IN GENERAL.—In the case of any taxable 

6 year beginning after 2014, the $1,000 amount in sub7 section (a) and the $75,000 amount in subsection 

8 (b)(2) shall each be increased by an amount equal 

9 to— 

10 ‘‘(A) such dollar amount, multiplied by 

11 ‘‘(B) the cost-of-living adjustment deter12 mined under section 1(f)(3) for the calendar year 

13 in which the taxable year begins, determined by 

14 substituting ‘calendar year 2013’ for ‘calendar 

15 year 1992’ in subparagraph (B) thereof. 

16 ‘‘(2) ROUNDING.—Any increase determined 

17 under paragraph (1) shall be rounded— 

18 ‘‘(A) in the case of the $1,000 amount in 

19 subsection (a), to the nearest multiple of $50, 

20 and 

21 ‘‘(B) in the case of the $75,000 amount in 

22 subsection (b)(2), to the nearest multiple of 

23 $1,000.’’. 


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•HR 4935 RH

1 (c) EFFECTIVE DATE.—The amendments made by this 

2 section shall apply to taxable years beginning after Decem3 ber 31, 2014. 


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Union Calendar No. 393 

113TH CONGRESS 

2D SESSION H. R. 4935 

[Report No. 113–527] 

A BILL 

To amend the Internal Revenue Code of 1986 to 

make improvements to the child tax credit. 

JULY 17, 2014 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union, 


tkelley on DSK3SPTVN1PROD with BILLS