[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7237 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 7237

 To amend the Internal Revenue Code of 1986 to repeal the phasedown of 
          the credit percentage for the dependent care credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 29, 2008

  Ms. Shea-Porter (for herself, Mrs. Boyda of Kansas, Mr. Weiner, Ms. 
 Bean, and Mr. Ryan of Ohio) 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 repeal the phasedown of 
          the credit percentage for the dependent care credit.

    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 ``Middle Class Dependent Care Fairness 
Act of 2008''.

SEC. 2. REPEAL OF PHASEDOWN OF CREDIT PERCENTAGE FOR DEPENDENT CARE 
              CREDIT.

    (a) In General.--Subsection (a) of section 21 of the Internal 
Revenue Code of 1986 (relating to expenses for household and dependent 
care services necessary for gainful employment) is amended to read as 
follows:
    ``(a) Allowance of Credit.--In the case of an individual for which 
there are 1 or more qualifying individuals (as defined in subsection 
(b)(1)) with respect to such individual, there shall be allowed as a 
credit against the tax imposed by this chapter for the taxable year an 
amount equal to 35 percent of the employment-related expenses (as 
defined in subsection (b)(2)) paid by such individual during the 
taxable year.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
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