S 3208
114th Congress
Senate
Taxation
Child care and development
Income tax credits
Inflation and prices
ACE Act
Introduced: July 13, 2016
Introduced by:
King, Angus S., Jr.
Independent
· Maine
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 13, 2016
Read twice and referred to the Committee on Finance.
Jul 13, 2016
Introduced in Senate
Plain-English summary
Access to Childcare Expansion Act or the ACE Act
This bill amends the Internal Revenue Code, with respect to the tax credit for expenses for household and dependent care services necessary for gainful employment (known as the Child and Dependent Care Tax Credit), to: (1) make the credit refundable, (2) increase the rate for the credit, and (3) require the dollar amounts of such credit to be adjusted for inflation after 2016.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1