US HB5326 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on July 31 2014 - 25% progression, died in committee
Action: 2014-07-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 31 2014 - 25% progression, died in committee
Action: 2014-07-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Dependent Care Savings Account Act of 2014 - Amends the Internal Revenue Code to: (1) establish tax-exempt dependent care savings accounts to pay the employment-related expenses of caring for a dependent of the taxpayer, (2) allow a deduction from gross income (above-the-line deduction) of up to $5,000 in a taxable year for cash contributions to such accounts, (3) set forth rules for the tax treatment of account distributions and for excess contributions to an account, and (4) impose a tax on employers who fail to make comparable contributions to a dependent savings account for all participating employees.
Title
Dependent Care Savings Account Act of 2014
Sponsors
Sen. Bill Cassidy [R-LA] |
History
Date | Chamber | Action |
---|---|---|
2014-07-31 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB2806 (Related) 2014-09-15 - Read twice and referred to the Committee on Finance.
Subjects
Aging
Bank accounts, deposits, capital
Child care and development
Disability and paralysis
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Income tax exclusion
Long-term, rehabilitative, and terminal care
Taxation
Bank accounts, deposits, capital
Child care and development
Disability and paralysis
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Income tax exclusion
Long-term, rehabilitative, and terminal care
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/5326/all-info |
Text | https://www.congress.gov/113/bills/hr5326/BILLS-113hr5326ih.pdf |