3.0.0 7360 2024-07-24T15:19:09Z 2024-07-24T15:19:09Z House H HR 2024-02-14 118 [Congressional Record Volume 170, Number 29 (Wednesday, February 14, 2024)][House][Pages H638-H639]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. TENNEY:H.R. 7360.[[Page H639]]Congress has the power to enact this legislation pursuantto the following:Article I, Section 8The single subject of this legislation is:This bill would enhance the Child and Dependent Care TaxCredit and Dependent Care Flexible Spending Accounts to makeboth policies more generous and index them to inflation.]]> hswm00 Ways and Means Committee House Standing Referred to 2024-02-14T15:00:30Z 2024-02-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2024-02-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2024-02-14 Introduced in House IntroReferral 1000 9 Library of Congress T000478 Rep. Tenney, Claudia [R-NY-24] Claudia Tenney R NY 24 N S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 2024-02-14 True S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2024-04-29 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2024-06-25 False Taxation Taxation 2024-03-08T14:30:51Z 00 2024-02-14 Introduced in House 2024-03-20T12:43:53Z Promoting Affordable Childcare for Everyone Act or the PACE Act

This bill modifies 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.

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.

]]> PACE Act Display Title 45 PACE Act 2024-07-24T15:19:09Z Short Title(s) as Introduced 101 PACE Act 2024-05-24T13:34:09Z Introduced in House IH Short Title(s) as Introduced 101 Promoting Affordable Childcare for Everyone Act 2024-05-24T13:34:09Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to increase and make fully refundable the Child and Dependent Care Tax Credit, to increase the maximum amount excludable from gross income for employer-provided dependent care assistance, and for other purposes. 2024-03-18T22:17:20Z Introduced in House IH Introduced in House 2024-02-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr7360ih/xml/BILLS-118hr7360ih.xml 2024-02-14 Referred to the House Committee on Ways and Means. 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.