S 661
114th Congress
Senate
Taxation
Child care and development
Income tax credits
Inflation and prices
Helping Working Families Afford Child Care Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 2015
Read twice and referred to the Committee on Finance.
Mar 4, 2015
Introduced in Senate
Plain-English summary
Helping Working Families Afford Child Care Act
Amends the Internal Revenue Code, with respect to the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent, to: (1) increase to $110,000, the adjusted gross income threshold level above which such credit is incrementally reduced; (2) increase the dollar limit on the allowable amount of such credit; (3) allow an inflation adjustment to the threshold amount and the maximum credit amounts, beginning after 2016; and (4) make such credit refundable.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1