PACE Act
- Last Action
- 3/12/2019
Actions
- 2019-03-12Referred to the House Committee on Ways and Means.
- 2019-03-12Introduced in House
- 2019-03-12Introduced in House
CRS Summary
As of 2019-03-12 (00)
Promoting Affordable Childcare for Everyone Act or the PACE Act
This bill modifies 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 2019.
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 2020.
Cosponsors (20)
- Jason Smith (R-MO)
- Brian Fitzpatrick (R-PA)
- EARL BLUMENAUER (D-OR)
- Bradley Schneider (D-IL)
- Michael Turner (R-OH)
- Jimmy Panetta (D-CA)
- Paul Cook (R-CA)
- Max Rose (D-NY)
- Thomas Suozzi (D-NY)
- Rodney Davis (R-IL)
- Mark Amodei (R-NV)
- Ben McAdams (D-UT)
- Elise Stefanik (R-NY)
- Josh Gottheimer (D-NJ)
- Tom Graves (R-GA)
- Kendra Horn (D-OK)
- Derek Kilmer (D-WA)
- Tom O'Halleran (D-AZ)
- Jaime Herrera Beutler (R-WA)
- Sharice Davids (D-KS)
Subjects
- Child care and development
- Employee benefits and pensions
- Income tax credits
- Income tax exclusion
- Inflation and prices
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.