US HB1696 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 20-11)
Status: Introduced on March 12 2019 - 25% progression
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

PACE Act Promoting Affordable Childcare for Everyone Act This bill 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.

Tracking Information

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Title

PACE Act Promoting Affordable Childcare for Everyone Act

Sponsors


History

DateChamberAction
2019-03-12HouseReferred to the House Committee on Ways and Means.
2019-03-12HouseIntroduced in House

Same As/Similar To

SB749 (Same As) 2019-03-12 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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