CHILD TAX CREDIT NOT REFUNDABLE FOR TAXPAYERS ELECTING TO EXCLUDE FOREIGN EARNED INCOME FROM TAX.

SEC. 807. CHILD TAX CREDIT NOT REFUNDABLE FOR TAXPAYERS ELECTING TO EXCLUDE FOREIGN EARNED INCOME FROM TAX. (a) In general.—Section 24(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: “(5) Exception for taxpayers excluding foreign earned income.—Paragraph (1) shall not apply to any taxpayer for any taxable year if such taxpayer elects to exclude any amount from gross income under section 911 for such taxable year.” . (b) [26 U.S.C. 24 note] Effective Date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2014.