US SB470 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on February 28 2017 - 25% progression, died in committee
Action: 2017-02-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Child and Dependent Care Tax Credit Enhancement Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent, to: (1) increase to $120,000, the adjusted gross income threshold level above which such credit is incrementally reduced; (2) increase the dollar limit on the allowable amount of such credit; (3) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2018; and (4) make such credit refundable.

Tracking Information

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Title

Child and Dependent Care Tax Credit Enhancement Act of 2017

Sponsors


History

DateChamberAction
2017-02-28SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2238 (Related) 2017-04-28 - Referred to the House Committee on Ways and Means.
HB2633 (Same As) 2017-05-24 - Referred to the House Committee on Ways and Means.
SB1880 (Related) 2017-09-27 - Read twice and referred to the Committee on Finance.
SB1938 (Related) 2017-10-05 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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