HR 2553
105th Congress
House
Taxation
Caregivers
Cost of living adjustments
Day care
Disabled
Economics and Public Finance
Education
Families
Health
Higher education
Income tax
Indexing (Economic policy)
Labor and Employment
Married people
Mentally disabled
Personal income tax
Physically disabled
Respite care
Students
Tax credits
To amend the Internal Revenue Code of 1986 to make the dependent care credit refundable, and for other purposes.
Introduced: September 25, 1997
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 1998
Sponsor introductory remarks on measure. (CR H893)
Sep 25, 1997
Referred to the House Committee on Ways and Means.
Sep 25, 1997
Sponsor introductory remarks on measure. (CR E1862-1863)
Sep 25, 1997
Introduced in House
Plain-English summary
Repeals the Internal Revenue Code's nonrefundable income tax credit for employment-related dependent care expenses, replacing it with a corresponding refundable 50 percent credit, reduced (but not below 20 percent) as the taxpayer's adjusted gross income exceeds $15,000 (adjusted for inflation). Includes within the scope of the new credit up to $1,200 ($2,400 in the case of more than one qualifying individual) of respite care expenses incurred in the care of: (1) a dependent of the taxpayer who is at least 13 years old; or (2) a spouse or other dependent who is physically or mentally incapable of self-care.
What's happening now
Sponsor introductory remarks on measure. (CR H893)
Committees of jurisdiction
1