US HB1696 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 20-12)
Status: Introduced on March 12 2019 - 25% progression, died in committee
Action: 2019-03-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 12 2019 - 25% progression, died in committee
Action: 2019-03-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies 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 2019. 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 2020.
Title
PACE Act Promoting Affordable Childcare for Everyone Act
Sponsors
Rep. Stephanie Murphy [D-FL] | Rep. Jason Smith [R-MO] | Rep. Brian Fitzpatrick [R-PA] | Rep. Earl Blumenauer [D-OR] |
Rep. Bradley Schneider [D-IL] | Rep. Michael Turner [R-OH] | Rep. Jimmy Panetta [D-CA] | Rep. Paul Cook [R-CA] |
Rep. Max Rose [D-NY] | Rep. Thomas Suozzi [D-NY] | Rep. Rodney Davis [R-IL] | Rep. Mark Amodei [R-NV] |
Rep. Ben McAdams [D-UT] | Rep. Elise Stefanik [R-NY] | Rep. Josh Gottheimer [D-NJ] | Rep. Tom Graves [R-GA] |
Rep. Kendra Horn [D-OK] | Rep. Derek Kilmer [D-WA] | Rep. Tom O'Halleran [D-AZ] | Rep. Jaime Herrera Beutler [R-WA] |
Rep. Sharice Davids [D-KS] | Rep. Peter DeFazio [D-OR] | Rep. Josh Harder [D-CA] | Rep. Kurt Schrader [D-OR] |
Rep. Terri Sewell [D-AL] | Rep. Tom Cole [R-OK] | Rep. Salud Carbajal [D-CA] | Rep. Alan Lowenthal [D-CA] |
Rep. Zoe Lofgren [D-CA] | Rep. John Katko [R-NY] | Rep. Christopher Pappas [D-NH] | Rep. Steve Stivers [R-OH] |
History
Date | Chamber | Action |
---|---|---|
2019-03-12 | House | Referred to the House Committee on Ways and Means. |
2019-03-12 | House | Introduced in House |
Same As/Similar To
SB749 (Same As) 2019-03-12 - Read twice and referred to the Committee on Finance.
Subjects
Child care and development
Employee benefits and pensions
Income tax credits
Income tax exclusion
Inflation and prices
Taxation
Employee benefits and pensions
Income tax credits
Income tax exclusion
Inflation and prices
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/1696/all-info |
Text | https://www.congress.gov/116/bills/hr1696/BILLS-116hr1696ih.pdf |