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HR 4699 114th Congress House

Working Parents Flexibility Act of 2016

Official title: To amend the Internal Revenue Code of 1986 to provide for parent savings accounts, and for other purposes.

Introduced: July 14, 2016 See on congress.gov
Taxation Bank accounts, deposits, capitalChild care and developmentEmployee benefits and pensionsEmployee leave
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Income tax deductionsIncome tax exclusionSelf-employed
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2016
Referred to the House Committee on Ways and Means.
Mar 3, 2016
Introduced in House
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 Latest action March 3, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Working Parents Flexibility Act of 2016

This bill amends the Internal Revenue Code to establish a tax-exempt parental leave savings account for the care of a child, to which an individual taxpayer who has earned income from employment during the past 12 months may make tax deductible cash contributions of up to $6,750 in a taxable year and not more than an aggregate of  $24,000 for all taxable years. Taxpayers whose adjusted gross income exceeds $250,000 in a taxable year are ineligible for such a tax deduction.

The bill excludes from gross income: (1) distributions from a parental leave savings account that are made not later than one year after the birth or adoption of a child of an account holder, and (2) contributions made by an employer to the parental leave savings account of an employee.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Stefanik, Elise M.
New York · Jul 14, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4699: Working Parents Flexibility Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4699/
MLA
"H.R. 4699: Working Parents Flexibility Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4699/.
Bluebook (legal)
H.R. 4699, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4699/.
Markdown link
[H.R. 4699: Working Parents Flexibility Act of 2016](https://openamerica.io/bill/114-HR-4699/)
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