when was the additional child tax credit introduced
Child tax credit The per-child amount was originally capped at $400 in 1998 (and $500 in 1999) by the Taxpayer Relief Act of 1997. The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) set a graduated increase of the cap from $600 beginning in 2001 to $1,000 in 2010, but then reverting to $500.[3] The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) increased the amount to $1,000 for 2003 and 2004. The Working Families Tax Relief Act of 2004 extended this amount through 2010.[3] The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 extended this $1,000 cap through the end of 2012.[4] The American Taxpayer Relief Act of 2012 made the $1,000 cap permanent.[5]
One-child policy On October 29, 2015, it was reported that the existing law would be changed to a two-child policy, citing a statement from the Communist Party of China[citation needed]. The new law became effective on January 1, 2016, following its passage in the standing committee of the National People's Congress on December 27, 2015.