Introduced in House
To amend the Internal Revenue Code of 1986 to increase the amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit.
SEC. 1. INCREASE IN CREDIT FOR EXPENSES FOR HOUSEHOLD AND DEPENDENT CARE SERVICESTrack this section →
(a) In general Section 21(c) of the Internal Revenue Code of 1986 is amended— (1) in paragraph (1), by striking $3,000 and inserting $6,000, and (2) in paragraph (2), by striking $6,000 and inserting $12,000. (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
SEC. 2. INCREASE IN EMPLOYER-PROVIDED CHILD CARE CREDITTrack this section →
(a) In general Section 45F(b) is amended by striking $150,000 and inserting $400,000. (b) Effective date The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.