110 HR 1911 IH: To amend the Internal Revenue Code of 1986 to modify the U.S. House of Representatives 2007-04-18 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.

I 110th CONGRESS 1st Session H. R. 1911 IN THE HOUSE OF REPRESENTATIVES April 18, 2007 Mr. Donnelly 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 modify the credit for expenses for household and dependent care services necessary for gainful employment.

1.

Short title

This Act may be cited as the Tax Relief for Working Caregivers Act of 2007.

2.

Modification of credit for expenses for household and dependent care services necessary for gainful employment

(a)

Increased phaseout threshold

Paragraph (2) of section 21(a) of the Internal Revenue Code of 1986 (defining applicable percentage) is amended by striking $15,000 and inserting $75,000. (b)

Credit allowed for costs incurred To care for parents and grandparents who do not live with the taxpayer

(1)

In general

Paragraph (1) of section 21(b) of the Internal Revenue Code of 1986 (relating to qualifying individual) is amended by striking or at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting , or, and by adding at the end the following new subparagraph: (D)a dependent of the taxpayer (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B)) who is the father or mother of the taxpayer (or an ancestor of such father or mother) and who is physically or mentally incapable of caring for himself or herself. . (2)

Conforming amendment

Section 21(b)(1)(B) of such Code is amended by inserting (other than a dependent described in subparagraph (D)) after and (d)(1)(B)). (c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2007.