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Read twice and referred to the Committee on Finance.
7/14/2016 • Senate
Summary
Promoting Affordable Childcare for Everyone Act or the PACE Act
This bill amends the Internal Revenue Code, with respect to 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 2016.
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 2017.
Introduced in Senate • 7/14/2016
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
Sponsor
Cosponsors (1)
Bill Journey
Originated in the Senate
Introduced
July 14, 2016
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (7)
H.R. 1720
Child and Dependent Care FSA Enhancement Act
S. 215
Child and Dependent Care FSA Enhancement Act
S. 3208
ACE Act
H.R. 1780
Helping Working Families Afford Child Care Act
S. 661
Helping Working Families Afford Child Care Act
S. 820
Child and Dependent Care Tax Credit Enhancement Act of 2015
S. 208
PACE Act