3.0.0 208 2023-01-11T13:35:21Z 2023-01-11T13:35:21Z Senate S 2017-01-24 115 ssfi00 Finance Committee Senate Standing Referred to 2017-01-24T19:46:40Z Child and Dependent Care Tax Credit Improvement Act of 2017 115 2238 HR 2017-04-28 Referred to the House Committee on Ways and Means. Related bill CRS Family Care Savings Act 115 782 HR 2017-02-01 Referred to the House Committee on Ways and Means. Related bill CRS PACE Act 115 3632 HR 2017-07-28 Referred to the House Committee on Ways and Means. Identical bill CRS 2017-01-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-01-24 Introduced in Senate IntroReferral 10000 9 Library of Congress K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. N B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2017-01-24 True H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV 2017-02-02 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2017-04-24 False Taxation Child care and development Employee benefits and pensions Income tax credits Income tax exclusion Inflation and prices Taxation 00 2017-01-24 Introduced in Senate 2017-02-09T14:00:10Z 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 2017.

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 2018.

]]> PACE Act Display Title PACE Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to make the Child and Dependent Care Tax Credit fully refundable, and for other purposes. Introduced in Senate IS Short Titles as Introduced PACE Act Short Titles as Introduced Promoting Affordable Childcare for Everyone Act Introduced in Senate 2017-01-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s208is/xml/BILLS-115s208is.xml 2017-01-24 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.