On the recordAugust 6, 2022
I call up amendment No. 5208, as modified, and I ask that it be reported by number. The PRESIDING OFFICER. The clerk will report. The Senator from Vermont [Mr. Sanders], for himself and Mr. Merkley, proposes an amendment numbered 5208, as modified, to amendment No. 5194. The amendment is as follows: (Purpose: To extend the special rules for the child tax credit that applied for 2021 and to increase the corporate tax rate) At the end of title I, insert the following: Subtitle E--Other Provisions SEC. 14001. AMENDMENT OF 1986 CODE. Except as otherwise expressly provided, whenever in this subtitle an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. PART 1--CHILD TAX CREDIT SEC. 14101. EXTENSIONS AND MODIFICATIONS. (a) Extensions.-- (1) Extension of child tax credit.--Section 24(i) is amended-- (A) by striking ``January 1, 2026'' in the matter preceding paragraph (1) and inserting ``January 1, 2026'', and (B) by inserting ``and 2022'' after ``2021'' in the heading thereof. (2) Extension of provisions related to possessions of the united states.-- (A) Section 24(k)(2)(B) is amended-- (i) by striking ``December 31, 2021'' in the matter preceding clause (i) and inserting ``December 31, 2025'', and (ii) by striking ``After 2021'' in the heading thereof and inserting ``After 2025''.…
Source
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