[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2708 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2708

   To repeal the sunset on the increased assistance pursuant to the 
  dependent care tax credit provisions of the Economic Growth and Tax 
  Relief Reconciliation Act of 2001 and to make the credit refundable.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 1, 2001

  Mr. Platts (for himself, Mrs. Morella, Mr. English, and Mr. Payne) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To repeal the sunset on the increased assistance pursuant to the 
  dependent care tax credit provisions of the Economic Growth and Tax 
  Relief Reconciliation Act of 2001 and to make the credit refundable.

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

SECTION 1. REPEAL OF SUNSET.

    Section 901 of the Economic Growth and Tax Relief Reconciliation 
Act of 2001 is amended by adding at the end the following new 
subsection:
    ``(c) Increases in Assistance Pursuant to Dependent Care Credit 
Made Permanent.--Notwithstanding subsections (a) and (b), the 
amendments made by section 204 shall continue to apply without regard 
to subsections (a) and (b) of this section.''.

SEC. 2. DEPENDENT CARE CREDIT TO BE REFUNDABLE.

    (a) In General.--Section 21 of the Internal Revenue Code of 1986 
(relating to expenses for household and dependent care services 
necessary for gainful employment) is hereby moved to subpart C of part 
IV of subchapter A of chapter 1 of such Code (relating to refundable 
credits) and inserted after section 34.
    (b) Technical Amendments.--
            (1) Section 35 of such Code is redesignated as section 36.
            (2) Section 21 of such Code is redesignated as section 35.
            (3) Paragraph (1) of section 35(a) of such Code (as 
        redesignated by subparagraph (B)) is amended by striking ``this 
        chapter'' and inserting ``this subtitle''.
            (4) Paragraph (1) of section 23(f) of such Code is amended 
        by striking ``21(e)'' and inserting ``35(e)''.
            (5) Subparagraph (C) of section 129(a)(2) of such Code is 
        amended by striking ``section 21(e)'' and inserting ``section 
        35(e)''.
            (6) Paragraph (2) of section 129(b) of such Code is amended 
        by striking ``section 21(d)(2)'' and inserting ``section 
        35(d)(2)''.
            (7) Paragraph (1) of section 129(e) of such Code is amended 
        by striking ``section 21(b)(2)'' and inserting ``section 
        35(b)(2)''.
            (8) Subsection (e) of section 213 of such Code is amended 
        by striking ``section 21'' and inserting ``section 35''.
            (9) Subparagraph (H) of section 6213(g)(2) of such Code is 
        amended by striking ``section 21'' and inserting ``section 
        35''.
            (10) Subparagraph (L) of section 6213(g)(2) of such Code is 
        amended by striking ``section 21,'' and inserting ``section 
        35,''.
            (11) Paragraph (2) of section 1324(b) of title 31, United 
        States Code, is amended by inserting before the period ``or 
        from section 35 of such Code''.
            (12) The table of sections for subpart C of part IV of 
        subchapter A of chapter 1 of the Internal Revenue Code of 1986 
        is amended by striking the item relating to section 35 and 
        inserting the following:

                              ``Sec. 35. Expenses for household and 
                                        dependent care services 
                                        necessary for gainful 
                                        employment.
                              ``Sec. 36. Overpayments of tax.''
            (13) The table of sections for subpart A of such part IV is 
        amended by striking the item relating to section 21.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
                                 <all>