or subsection (f), and (II) calendar year 1997 in the case of the dollar amount contained in paragraph (5)(B). . (c) Conforming amendment Section 63(c) of the Internal Revenue Code of 1986 is amended by striking paragraph (7). (d) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2022. 5. Permanent increase and modification of child tax credit (a) Increase in credit amount Section 24(a) of the Internal Revenue Code of 1986 is amended by striking $1,000 and inserting $2,000 . (b) Limitation Paragraph (2) of section 24(b) of the Internal Revenue Code of 1986 is amended to read as follows: (2) Threshold amount For purposes of paragraph (1), the term threshold amount means— (A) $400,000 in the case of a joint return, and (B) $200,000 in any other case. . (c) Partial credit allowed for certain other dependents Subsection (h) of section 24 of the Internal Revenue Code of 1986 is amended to read as follows: (h) Partial credit allowed for certain other dependents (1) In general The credit determined under subsection (a) shall be increased by $500 for each dependent of the taxpayer (as defined in section 7706) other than a qualifying child described in subsection (c). (2) Exception for certain noncitizens Paragraph (1) shall not apply with respect to any individual who would not be a dependent if subparagraph (A) of section 7706(b)(3) were applied without regard to all that follows resident of the United States . (3) Certain qualifying children In the case of any qualifying child with respect to whom a credit is not allowed under this section by reason of subsection (e)(1), such child shall be treated as a dependent to whom subparagraph (A) applies. . (d) Maximum amount of refundable credit Subsection (d) of section 24 of the Internal Revenue Code of 1986 is amended by inserting after paragraph (2) the following new paragraph: (3) Limitation (A) In general The amount determined under paragraph (1)(A) with respect to any qualifying child shall not exceed $1,400,