US SB931 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 28-1)
Status: Introduced on March 28 2019 - 25% progression, died in committee
Action: 2019-03-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Modifies 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 the credit is incrementally reduced; (2) increase the dollar limits on the allowable amount of the credit; (3) specify rules for married couples filing separate returns; (4) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2020; and (5) make the credit refundable.

Tracking Information

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Title

Child and Dependent Care Tax Credit Enhancement Act of 2019

Sponsors


History

DateChamberAction
2019-03-28SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB1967 (Related) 2019-03-28 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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