US SB208 | 2017-2018 | 115th Congress

Status

Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 24 2017 - 25% progression, died in committee
Action: 2017-01-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

PACE Act Promoting Affordable Childcare for Everyone Act This bill amends the Internal Revenue Code, with respect to 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 2017. 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 2018.

Tracking Information

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Title

PACE Act Promoting Affordable Childcare for Everyone Act

Sponsors


History

DateChamberAction
2017-01-24SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB782 (Related) 2017-02-01 - Referred to the House Committee on Ways and Means.
HB2238 (Related) 2017-04-28 - Referred to the House Committee on Ways and Means.
HB3632 (Same As) 2017-07-28 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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