3.0.0 2030 2023-01-15T09:32:49Z 2023-01-15T09:32:49Z Senate S S 2004-01-26 108 ssfi00 Finance Committee Senate Standing Referred to 2004-01-26T21:26:10Z 2004-01-26 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2004-01-26 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N Taxation Caregivers Cost of living adjustments Costs Day care Disabled Economics and Public Finance Education Families Health Higher education Income tax Indexing (Economic policy) Labor and Employment Married people Respite care Students Tax credits Tax refunds Tax returns Taxation

00 2004-01-26 Introduced in Senate 2004-02-26T20:05:09Z Amends the Internal Revenue Code to repeal the nonrefundable income tax credit for employment-related dependent care expenses and replace it with a refundable 50 percent income tax credit, reduced (but not below 20 percent) as the taxpayer's adjusted gross income exceeds $15,000 (adjusted for inflation). Limits the dollar amount of such credit to $3,000 ($6,000 if two or more qualifying individuals). Includes within the scope of the new credit up to $1,200 ($2,400 if two or more qualifying individuals) of respite care expenses incurred for the taxpayer's spouse and dependents who are physically or mentally incapable of self-care.

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