HR 3632 115th Congress House Taxation Child care and development Employee benefits and pensions Income tax credits Income tax exclusion Inflation and prices

PACE Act

Introduced: September 18, 2017 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 28, 2017

Referred to the House Committee on Ways and Means.

Jul 28, 2017

Introduced in House

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Plain-English summary Congressional Research Service

Promoting Affordable Childcare for Everyone Act or the PACE 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 for such credit to be adjusted for inflation after 2017.

The bill also increases the amount of employer-provided dependent care assistance which may be excluded from the gross income of an employee and requires the increased exclusion amount to be adjusted for inflation after 2018.

What's happening now July 28, 2017

Referred to the House Committee on Ways and Means.

Related & companion bills 1

Bill text 1 version