US Congress Senate Bill 2806 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on September 15 2014 - 25% progression, died in committee
Action: 2014-09-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

Dependent Care Savings Account Act of 2014

Sen. David Vitter [R-LA]

Date	Chamber	Action
2014-09-15	Senate	Read twice and referred to the Committee on Finance.

HB5326 (Related) 2014-07-31 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2806/all-info
Text	https://www.congress.gov/113/bills/s2806/BILLS-113s2806is.pdf