S 470
115th Congress
Senate
Taxation
Child care and development
Income tax credits
Inflation and prices
Child and Dependent Care Tax Credit Enhancement Act of 2017
Introduced: February 28, 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
Feb 28, 2017
Read twice and referred to the Committee on Finance.
Feb 28, 2017
Introduced in Senate
Plain-English summary
Child and Dependent Care Tax Credit Enhancement Act of 2017
This bill 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 $120,000, 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 adjusted gross income threshold and the maximum credit amounts, beginning after 2018; and (4) make such credit refundable.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1