the payment is to be made, the amount of 
the increase determined under clause (i) or 
(ii), respectively, immediately upon ap-
proval of the plan with respect to which 
such payment relates. 
‘‘(i) APPLICATION OF CERTAIN DEFINITIONS AND 
RULES APPLICABLE TO CHILD TAX CREDIT.— 
‘‘(1) DEFINITIONS.—Except as otherwise pro-
vided in this section, terms used in this section 
which are also used in section 24A shall have the 
same respective meanings as when used in section 
24A. 
‘‘(2) TREATMENT
OF
CERTAIN
DEATHS.—A 
child shall not be taken into account in determining 
the monthly advance child payment for any calendar 
month if the death of such child before the end of 
such month is known to the Secretary as of date on 
which the Secretary estimates such payment. 
‘‘(3) IDENTIFICATION
REQUIREMENTS.—Rules 
similar to the rules which apply under section 
24A(e) shall apply for purposes of this section ex-
cept that such rules shall apply with respect to the 
return of tax for the reference taxable year or, in the 
case of information provided through a specified al-
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ternative mechanism, with respect to the information 
provided through such mechanism. 
‘‘(4) RESTRICTIONS ON TAXPAYERS WHO IM-
PROPERLY CLAIMED CREDIT OR RECEIVED MONTHLY 
ADVANCE
CHILD
PAYMENTS.—For restrictions on 
taxpayers who improperly claimed credit or received 
monthly advance child payments, see section 24A(f). 
‘‘(j) NOTICE OF PAYMENTS.— 
‘‘(1) IN GENERAL.—Not later than January 31 
of the calendar year following any calendar year dur-
ing which the Secretary makes one or more pay-
ments to any taxpayer under this section, the Sec-
retary shall provide such taxpayer with a written no-
tice which includes— 
‘‘(A) the taxpayer’s taxpayer identity (as 
defined in section 6103(b)(6)), 
‘‘(B) the aggregate amount of such pay-
ments made to such taxpayer during such cal-
endar year, and 
‘‘(C) such other information as the Sec-
retary determines appropriate. 
‘‘(2) CERTAIN PAYMENTS SUBJECT TO RECAP-
TURE.—In the case of any payments made to a tax-
payer which the Secretary has determined are sub-
ject to recapture, the notice provided under para-
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graph (1) to such taxpayer shall include the amount 
of such payments. 
‘‘(k) NOTIFICATION OF CERTAIN EVENTS.—With re-
spect to any taxpayer receiving monthly advance child pay-
ments under this section with respect to any specified 
child, the Secretary shall, to the maximum extent prac-
ticable, provide reasonable advance notice of each of the 
following: 
‘‘(1) Any month with respect to which such 
monthly advance child payment will increase (rel-
ative to the preceding month) by reason of an infla-
tion adjustment under section 24A(b)(3)(A). 
‘‘(2) Any month with respect to which such 
monthly advance child payment will be reduced (rel-
ative to the preceding month) by reason of such 
child ceasing to be a specified child by reason of at-
taining age 18. 
‘‘(3) In the case of a taxpayer with a specified 
child described in section 24A(b)(1)(A), any month 
with respect to which such monthly advance child 
payment will be reduced by reason of such child at-
taining age 6. 
‘‘(l) REGULATIONS.—The Secretary shall issue such 
regulations or other guidance as the Secretary determines 
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necessary or appropriate to carry out the purposes of this 
section.’’. 
(c) TERMINATION OF ANNUAL CHILD TAX CRED-
IT.—Section 24 of such Code is amended by adding at 
the end the following new subsection: 
‘‘(l) TERMINATION.—This section shall not apply to 
(and no payment shall be made under subsection (k) with 
respect to) any taxable year beginning after December 31, 
2023.’’. 
(d) DISCLOSURE OF INFORMATION RELATING TO AD-
VANCE
PAYMENT
OF
CHILD
TAX
CREDIT.—Section 
6103(e) of such Code is amended by adding at the end 
the following new paragraph: 
‘‘(12) DISCLOSURE OF INFORMATION RELATING 
TO ADVANCE PAYMENT OF CHILD TAX CREDIT.— 
‘‘(A) JOINT FILERS.—In the case of an in-
dividual to whom the Secretary makes pay-
ments under section 7527A or who is eligible 
for monthly advance child payments under sec-
tion 7527B, if the reference taxable year (as 
defined in section 7527A(b)(2) or 7527B(d)(2), 
as the case may be) that the Secretary uses to 
calculate such payments is a year for which the 
individual filed an income tax return jointly 
with another individual, the Secretary may dis-
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close to such individual any information which 
is relevant in determining the payment under 
section 7527A, or the monthly advance child 
payment under section 7527B, and the individ-
ual’s eligibility for such payment, including in-
formation regarding any of the following: 
‘‘(i) The number of specified children, 
including by reason of the birth of a child. 
‘‘(ii) The name and TIN of specified 
children. 
‘‘(iii) Marital status. 
‘‘(iv) Modified adjusted gross income. 
‘‘(v) Principal place of abode. 
‘‘(vi) Any other factor which the Sec-
retary may provide pursuant to section 
7527A(c) or 7527B(e). 
‘‘(B) COMPETING CLAIMANTS.—In the case 
of an individual who has a competing claim of 
presumptive eligibility with respect to a speci-
fied child under section 7527B(f)(1), the Sec-
retary may disclose to such individual return in-
formation provided by another individual who 
has a competing claim of presumptive eligibility 
with respect to the same specified child in the 
course of the Secretary’s adjudication of that 
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competing claim, as well as any other informa-
tion considered by the Secretary with respect to 
that competing claim. Such information shall be 
limited to the items specified in subparagraph 
(A) and the following: 
‘‘(i) Information received under any 
agreements or coordination the Secretary 
entered into with— 
‘‘(I) any State, local government, 
Tribal government, or possession of 
the United States, or 
‘‘(II) any other individual or enti-
ty that the Secretary determines to be 
appropriate for purposes of adjudi-
cating a competing claim. 
‘‘(ii) Information considered by the 
Secretary about where and with whom the 
specified child resided. 
‘‘(iii) Information considered by the 
Secretary about expenditures made by the 
claimants to the extent such payments re-
late to the competing claim.’’. 
(e) CONFORMING AMENDMENTS.— 
(1) Section 26(b)(2) is amended by striking 
‘‘and’’ at the end of subparagraph (Y), by striking 
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(12) The table of sections for chapter 77 is 
amended by inserting after the item relating to sec-
tion 7527A the following new item: 
‘‘Sec. 7527B. Monthly payments of child tax credit.’’. 
(f) EFFECTIVE DATES.— 
(1) IN
GENERAL.—Except as otherwise pro-
vided in this subsection, the amendments made by 
this section shall apply to taxable years beginning 
after December 31, 2023. 
(2) MONTHLY
ADVANCE
CHILD
PAYMENTS.— 
The amendments made by subsection (b) shall apply 
to calendar months beginning after December 31, 
2023. 
(3) INFORMATION
DISCLOSURE.—The amend-
ment made by subsection (d) shall take effect on the 
date of the enactment of this Act. 
Æ 
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