Child Credit Preservation and Expansion Act of 2004

Summary

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.

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Documents

8 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 6 July 2004

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• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 6 July 2004

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• Engrossed in House (text)

  Engrossed in House · EN · 20 May 2004

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• Engrossed in House (PDF)

  Engrossed in House · EN · 20 May 2004

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• Passed House without amendment

  summary · EN · 20 May 2004

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• Introduced in House (text)

  Introduced in House · EN · 13 May 2004

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• Introduced in House (PDF)

  Introduced in House · EN · 13 May 2004

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• Introduced in House

  summary · EN · 13 May 2004

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