110 HR 7035 IH: Improving Dependent Care Tax U.S. House of Representatives 2008-09-24 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 2d Session H. R. 7035 IN THE HOUSE OF REPRESENTATIVES September 24, 2008 Ms. Shea-Porter (for herself, Mr. Ramstad, Mr. Ruppersberger, Mr. Crowley, and Mr. Davis of Alabama) 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 exclusion for employer-provided dependent care assistance.

1.

Short title

This Act may be cited as the Improving Dependent Care Tax Assistance Act of 2008.

2.

Increase in exclusion for employer-provided dependent care assistance

(a)

In general

Subparagraph (A) of section 129(a)(2) of the Internal Revenue Code of 1986 (relating to dependent care assistance programs) is amended by striking $5,000 ($2,500 and inserting $7,500 ($3,750. (b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2008.