Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment would change the provisions regarding the Child Tax Credit and the corporate tax rate.
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It would make the Child Tax Credit fully refundable, meaning the credit can be received even if the amount exceeds the tax owed.
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This refundability would not apply to taxpayers who elect to exclude foreign earned income from their gross income.
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The amendment would extend the expanded child tax credit by removing the January 1, 2026 expiration date and changing the heading to begin after 2017.
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It would increase the credit amount to $3,600, or $4,320 for a qualifying child who has not reached age 6.
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The amendment would increase the corporate tax rate to 21 percent for taxable income up to $100,000,000 and to 28 percent for any taxable income exceeding $100,000,000.
- 6/30/2025
- Senate amendment submitted
This bill has no cosponsors