[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4336 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4336

 To amend the Internal Revenue Code of 1986 to increase the dependent 
care credit and to provide a minimum dependent care credit for stay-at-
                             home parents.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 13, 2000

 Ms. Stabenow introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the dependent 
care credit and to provide a minimum dependent care credit for stay-at-
                             home parents.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Child Care for America's Families 
Act of 2000''.

SEC. 2. EXPANSION OF DEPENDENT CARE TAX CREDIT.

    (a) Increase in Credit.--Paragraph (2) of section 21(a) of the 
Internal Revenue Code of 1986 (defining applicable percentage) is 
amended to read as follows:
            ``(2) Applicable percentage defined.--For purposes of 
        paragraph (1), the term `applicable percentage' means 50 
        percent reduced (but not below 20 percent) by the number of 
        percentage points which bears the same ratio to 30 percentage 
        points as the excess of the taxpayer's adjusted gross income 
        over $10,000 bears to $50,000.''
    (b) Minimum Credit Allowed for Stay-at-Home Parents.--Subsection 
(e) of section 21 of such Code (relating to special rules) is amended 
by adding at the end the following new paragraph:
            ``(11) Minimum credit allowed for stay-at-home parents.--
        Notwithstanding subsection (d), in the case of any taxpayer 
        with one or more qualifying individuals described in subsection 
        (b)(1)(A) under the age of 1 at any time during the taxable 
        year, such taxpayer shall be deemed to have employment-related 
        expenses with respect to such qualifying individuals in an 
        amount equal to the greater of--
                    ``(A) the amount of employment-related expenses 
                incurred for such qualifying individuals for the 
                taxable year (determined under this section without 
                regard to this paragraph), or
                    ``(B) $100 for each month in such taxable year 
                during which such qualifying individual is under the 
                age of 1.''
    (c) Effective Date.--The amendments made by this section apply to 
taxable years beginning after December 31, 2000.
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