Title: Child Tax Credit Extension Act
Policy area: Taxation

Summary:
Child Tax Credit Extension Act
This bill makes permanent changes to the child tax credit enacted by the Tax Cuts and Jobs Act (P.L. 115-97), including increasing the amount of such credit from $1,000 to $2,000.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2490 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 2490

 To amend the Internal Revenue Code of 1986 to make permanent certain 
       changes made by Public Law 115-97 to the child tax credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 17, 2019

   Ms. McSally (for herself, Ms. Ernst, Mr. Braun, and Mr. Scott of 
   Florida) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to make permanent certain 
       changes made by Public Law 115-97 to the child tax credit.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Child Tax Credit Extension Act''.

SEC. 2. PERMANENT INCREASE AND MODIFICATION OF CHILD TAX CREDIT.

    (a) Increase in Credit Amount.--Section 24(a) of the Internal 
Revenue Code of 1986 is amended by striking ``$1,000'' and inserting 
``$2,000''.
    (b) Limitation.--Paragraph (2) of section 24(b) of the Internal 
Revenue Code of 1986 is amended to read as follows:
            ``(2) Threshold amount.--For purposes of paragraph (1), the 
        term `threshold amount' means--
                    ``(A) $400,000 in the case of a joint return, and
                    ``(B) $200,000 in any other case.''.
    (c) Partial Credit Allowed for Certain Other Dependents.--
Subsection (h) of section 24 of the Internal Revenue Code of 1986 is 
amended to read as follows:
    ``(h) Partial Credit Allowed for Certain Other Dependents.--
            ``(1) In general.--The credit determined under subsection 
        (a) shall be increased by $500 for each dependent of the 
        taxpayer (as defined in section 7706) other than a qualifying 
        child described in subsection (c).
            ``(2) Exception for certain noncitizens.--Paragraph (1) 
        shall not apply with respect to any individual who would not be 
        a dependent if subparagraph (A) of section 7706(b)(3) were 
        applied without regard to all that follows `resident of the 
        United States'.
            ``(3) Certain qualifying children.--In the case of any 
        qualifying child with respect to whom a credit is not allowed 
        under this section by reason of subsection (e)(1), such child 
        shall be treated as a dependent to whom subparagraph (A) 
        applies.''.
    (d) Maximum Amount of Refundable Credit.--Subsection (d) of section 
24 of the Internal Revenue Code of 1986 is amended by inserting after 
paragraph (3) the following new paragraph:
            ``(4) Limitation.--
                    ``(A) In general.--The amount determined under 
                paragraph (1)(A) with respect to any qualifying child 
                shall not exceed $1,400, and such paragraph shall be 
                applied without regard to subsection (h).
                    ``(B) Adjustment for inflation.--In the case of a 
                taxable year beginning after 2018, the $1,400 amount in 
                subparagraph (A) shall be increased by an amount equal 
                to--
                            ``(i) such dollar amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which the taxable year begins, 
                        determined by substituting `2017' for `2016' in 
                        subparagraph (A)(ii) thereof.
                If any increase under this clause is not a multiple of 
                $100, such increase shall be rounded to the next lowest 
                multiple of $100.''.
    (e) Earned Income Threshold for Refundable Credit.--Section 
24(d)(1)(B) of the Internal Revenue Code of 1986 is amended by striking 
``$3,000'' and inserting ``$2,500''.
    (f) Social Security Number Required.--Paragraph (1) of section 
24(e) of the Internal Revenue Code of 1986 is amended to read as 
follows:
            ``(1) Qualifying child social security number 
        requirement.--No credit shall be allowed under this section to 
        a taxpayer with respect to any qualifying child unless the 
        taxpayer includes the name and social security number of such 
        child on the return of tax for the taxable year. For purposes 
        of the preceding sentence, the term `social security number' 
        means a social security number issued to an individual by the 
        Social Security Administration, but only if the social security 
        number is issued--
                    ``(A) to a citizen of the United States or pursuant 
                to subclause (I) (or that portion of subclause (III) 
                that relates to subclause (I)) of section 
                205(c)(2)(B)(i) of the Social Security Act, and
                    ``(B) before the due date for such return.''.
    (g) Effective Date.--The amendments made by this section shall take 
effect as if included in the enactment of section 11022 of Public Law 
115-97.
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