S. 470
Referred to CommitteeChild and Dependent Care Tax Credit Enhancement Act of 2017
Latest Action
Read twice and referred to the Committee on Finance.
2/28/2017 • Senate
Summary
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.
Introduced in Senate • 2/28/2017
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Sponsor & Cosponsors (11)
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Sponsor
Cosponsors (10)
Bill Journey
Originated in the Senate
Introduced
February 28, 2017
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law