To amend the Internal Revenue Code of 1986 to increase the child tax credit.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Child Credit Preservation and Expansion Act of 2004 - Amends the Internal Revenue Code to repeal the scheduled reductions in the amount of the child tax credit for taxable years beginning in 2005 through 2009 (from $1,000 to $700 in 2005 through 2008 and $800 in 2009). Makes the $1,000 credit amount permanent.
Increases the income threshold amount for calculating reductions in the credit amount to $125,000 ($250,000 for married taxpayers filing a joint return). Eliminates the reduction in the percentage of earned income for calculating the refundable portion of the credit (15 to 10 percent) for taxable years beginning before 2005.
Includes in earned income for purposes of calculating the refundable portion of the credit otherwise tax excludable combat zone compensation of members of the armed forces.
Exempts from the general termination date in the Economic Growth and Tax Relief Reconciliation Act of 2001 (December 31, 2010) provisions of that Act disregarding as income any refunds from the child tax credit for purposes of determining eligibility for federally funded assistance programs.
Motion to reconsider laid on the table Agreed to without objection.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Rules Committee Resolution H. Res. 644 Reported to House. Rule provides for consideration of H.R. 4359. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. A specified amendment is in order.
Rule H. Res. 644 passed House.
Considered under the provisions of rule H. Res. 644. (consideration: CR 5/21/2004 H3459-3475)
Rule provides for consideration of H.R. 4359. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. A specified amendment is in order.
DEBATE - The House proceeded with one hour of debate on H.R. 4359.
DEBATE - Pursuant to the provisions of H. Res. 644, the House proceeded with one hour of debate on the Levin amendment.
Passed/agreed to in House: On passage Passed by recorded vote: 271 - 139 (Roll no. 209).(text: CR 5/21/2004 H3459)
Roll Call #209 (House)checking server…
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On passage Passed by recorded vote: 271 - 139 (Roll no. 209). (text: CR 5/21/2004 H3459)
Roll Call #209 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 609.