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) intro-
duced 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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A BILL 
To amend the Internal Revenue Code of 1986 to make 
improvements to the child tax credit. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Child Tax Credit Im-
provement Act of 2014’’. 
SEC. 2. IMPROVEMENTS TO CHILD TAX CREDIT. 
(a) ELIMINATION OF MARRIAGE PENALTY.—Section 
24(b)(2) of the Internal Revenue Code of 1986 is amended 
by striking ‘‘means—’’ and all that follows and inserting 
‘‘means $75,000 (twice such amount in the case of a joint 
return).’’. 
(b) INFLATION ADJUSTMENT OF CREDIT AMOUNT 
AND PHASEOUT THRESHOLDS.—Section 24 of such Code 
is amended by adding at the end the following new sub-
section: 
‘‘(g) INFLATION ADJUSTMENT.— 
‘‘(1) IN GENERAL.—In the case of any taxable 
year beginning in a calendar year after 2014, the 
$1,000 amount in subsection (a) and the $75,000 
amount in subsection (b)(2) shall each be increased 
by an amount equal to— 
‘‘(A) such dollar amount, multiplied by 
‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which the taxable year begins, deter-
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mined by substituting ‘calendar year 2013’ for 
‘calendar
year
1992’
in
subparagraph
(B) 
thereof. 
‘‘(2)
ROUNDING.—Any
increase
determined 
under paragraph (1) shall be rounded— 
‘‘(A) in the case of the $1,000 amount in 
subsection (a), to the nearest multiple of $50, 
and 
‘‘(B) in the case of the $75,000 amount in 
subsection (b)(2), to the nearest multiple of 
$1,000.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2014. 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Child Tax Credit Im-
provement Act of 2014’’. 
SEC. 2. IMPROVEMENTS TO CHILD TAX CREDIT. 
(a) ELIMINATION OF MARRIAGE PENALTY.—Section 
24(b)(2) of the Internal Revenue Code of 1986 is amended 
by striking ‘‘means—’’ and all that follows and inserting 
‘‘means $75,000 (twice such amount in the case of a joint 
return).’’. 
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(b) INFLATION ADJUSTMENT OF CREDIT AMOUNT AND 
PHASEOUT THRESHOLDS.—Section 24 of such Code is 
amended by adding at the end the following new subsection: 
‘‘(g) INFLATION ADJUSTMENT.— 
‘‘(1) IN GENERAL.—In the case of any taxable 
year beginning after 2014, the $1,000 amount in sub-
section (a) and the $75,000 amount in subsection 
(b)(2) shall each be increased by an amount equal 
to— 
‘‘(A) such dollar amount, multiplied by 
‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar year 
in which the taxable year begins, determined by 
substituting ‘calendar year 2013’ for ‘calendar 
year 1992’ in subparagraph (B) thereof. 
‘‘(2) 
ROUNDING.—Any 
increase 
determined 
under paragraph (1) shall be rounded— 
‘‘(A) in the case of the $1,000 amount in 
subsection (a), to the nearest multiple of $50, 
and 
‘‘(B) in the case of the $75,000 amount in 
subsection (b)(2), to the nearest multiple of 
$1,000.’’. 
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(c) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years beginning after Decem-
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 Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Mar 15 2010 
22:36 Jul 17, 2014
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PO 00000
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