S 601
101th Congress
Senate
Taxation
Costs
Day care
Earnings
Families
Income tax
Tax credits
Working Family Child Care Assistance Act of 1989
Introduced: March 15, 1989
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 1989
Committee on Finance. Hearings held.
Apr 19, 1989
Committee on Finance. Hearings held.
Apr 18, 1989
Committee on Finance. Hearings held.
Mar 16, 1989
Referred to the Committee on Finance.
Mar 15, 1989
Introduced in the Senate and read twice and held at the desk by unanimous consent. Until the close of business March 16, 1989.
Mar 15, 1989
Introduced in Senate
Plain-English summary
Working Family Child Care Assistance Act of 1989 - Amends the Internal Revenue Code to allow a taxpayer a refundable income tax credit of 14 percent of up to $7,143 of earned income (maximum credit of $1,000 per child) for each dependent under age four. Decreases the credit amount for taxpayers with adjusted gross income over $8,000. Indexes amounts related to the credit. Makes this credit and the employment-related dependent care credit mutually exclusive.
Authorizes employers to make advance payments of credit amounts in accordance with regulations to be prescribed by the Secretary of the Treasury.
What's happening now
Committee on Finance. Hearings held.
Committees of jurisdiction
1
Cosponsors
1