Amendment in the nature of a substitute sought to make the existing child tax credit permanent, indexed to inflation; make the tax credit available to families making less than $110,000; accelerate the increase in the refundable portion of the credit, from 10 percent to 15 percent; provide the tax credit to low income individuals; and offset the costs of the bill with an additional tax on high income taxpayers.

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Amendment Number
544
Description
Amendment in the nature of a substitute sought to make the existing child tax credit permanent, indexed to inflation; make the tax credit available to families making less than $110,000; accelerate the increase in the refundable portion of the credit, from 10 percent to 15 percent; provide the tax credit to low income individuals; and offset the costs of the bill with an additional tax on high income taxpayers.
Purpose
An amendment in the nature of a substitute to add a complete new text.
Congress
108
Type
HAMDT
Latest Action Date
May 20, 2004
Latest Action Text
On agreeing to the Levin amendment (A001) Failed by the Yeas and Nays: 187 - 226 (Roll no. 208).
Latest Action Time
19:01:48
Submitted Date
May 20, 2004
Chamber
House of Representatives
Update Date
Sep 29, 2021
Amendment 544 — Informed