US Congress House Bill 2533 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on May 18 2017 - 25% progression, died in committee
Action: 2017-05-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Working Parents Flexibility Act of 2017 This bill amends the Internal Revenue Code to establish a tax-exempt parental leave savings account for the care of a child, to which an individual taxpayer who has earned income from employment during the past 12 months may make tax deductible cash contributions of up to $6,750 in a taxable year and not more than an aggregate of $24,000 for all taxable years. Taxpayers whose adjusted gross income exceeds $250,000 in a taxable year are ineligible for such a tax deduction. The bill excludes from gross income: (1) distributions from a parental leave savings account that are made not later than one year after the birth or adoption of a child of an account holder, and (2) contributions made by an employer to the parental leave savings account of an employee.

Working Parents Flexibility Act of 2017

Rep. John Katko [R-NY]

Sen. Kyrsten Sinema [I-AZ]

Rep. Elise Stefanik [R-NY]

Date	Chamber	Action
2017-05-18	House	Referred to the House Committee on Ways and Means.
2017-05-18	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2533/all-info
Text	https://www.congress.gov/115/bills/hr2533/BILLS-115hr2533ih.pdf