Child and Dependent Care Tax Credit Enhancement Act of 2017
- Last Action
- 2/28/2017
Actions
- 2017-02-28Read twice and referred to the Committee on Finance.
- 2017-02-28Introduced in Senate
CRS Summary
As of 2017-02-28 (00)
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.
Cosponsors (10)
- Ron Wyden (D-OR)
- Sherrod Brown (D-OH)
- Debbie Stabenow (D-MI)
- Patty Murray (D-WA)
- Ben Cardin (D-MD)
- Robert Menendez (D-NJ)
- Kirsten Gillibrand (D-NY)
- Maggie Hassan (D-NH)
- Al Franken (D-MN)
- Mazie Hirono (D-HI)
Subjects
- Child care and development
- Income tax credits
- Inflation and prices
Sourced from Congress.gov (public domain).
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