H. R. 4959
IN THE HOUSE OF REPRESENTATIVES
February 7, 2018
Mr. Budd introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to ensure that the temporary refundable portion of the child tax credit is not less than the payroll taxes paid by the taxpayer.
This Act may be cited as the
Working Families Relief Act of 2018.
Temporary refundable portion of child tax credit not less than payroll taxes paid by taxpayer
Section 24(h)(5)(A) of the Internal Revenue Code of 1986 is amended to read as follows:
Subsection (d)(1)(A) shall be applied without regard to paragraph (4) of this subsection and the amount determined under subsection (d)(1)(A) shall not exceed the greater of—
the excess of—
the taxpayer’s social security taxes (as defined in subsection (d)(2)) for the taxable year, over
the credit allowed under section 32 for the taxable year.
The amendments made by this section shall apply to taxable years beginning after December 31, 2017.