US SB661 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on March 4 2015 - 25% progression, died in committee
Action: 2015-03-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Helping Working Families Afford Child Care Act 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 $110,000, 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 threshold amount and the maximum credit amounts, beginning after 2016; and (4) make such credit refundable.

Tracking Information

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Title

Helping Working Families Afford Child Care Act

Sponsors


History

DateChamberAction
2015-03-04SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

SB820 (Related) 2015-03-19 - Read twice and referred to the Committee on Finance.
HB1780 (Same As) 2015-04-14 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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