[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 1713 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                S. 1713

   To amend the Internal Revenue Code of 1986 to increase the dollar 
   limitation on the exclusion for employer-provided dependent care 
                              assistance.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 14, 2013

  Mr. Murphy introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to increase the dollar 
   limitation on the exclusion for employer-provided dependent care 
                              assistance.

    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 Flex Spending Act of 
2013''.

SEC. 2. INCREASE IN DOLLAR LIMITATION ON EXCLUSION FOR EMPLOYER-
              PROVIDED DEPENDENT CARE ASSISTANCE.

    (a) In General.--Subparagraph (A) of section 129(a)(2) of the 
Internal Revenue Code of 1986 is amended by striking ``shall not 
exceed'' and all that follows and inserting the following: ``shall not 
exceed--
                            ``(i) in the case of a taxpayer whose 
                        modified adjusted gross income for such taxable 
                        year is less than $100,000 (twice such amount 
                        in the case of a joint return), $10,000 (half 
                        such amount in the case of a separate return by 
                        a married individual), and
                            ``(ii) in any other case, $5,000 (half such 
                        amount in the case of a separate return by a 
                        married individual).''.
    (b) Modified Adjusted Gross Income.--Paragraph (2) of section 
129(a) of such Code is amended by adding at the end the following new 
subparagraph:
                    ``(D) Modified adjusted gross income.--For purposes 
                of this paragraph, the term `modified adjusted gross 
                income' means the adjusted gross income of the taxpayer 
                for the taxable year increased by any amount excluded 
                from gross income under section 911, 931, or 933.''.
    (c) Inflation Adjustment.--Paragraph (2) of section 129(a) of such 
Code, as amended by subsection (b), is amended by adding at the end the 
following new subparagraph:
                    ``(E) Inflation adjustment.--In the case of any 
                taxable year beginning in a calendar year after 2014, 
                each dollar amount contained in subparagraph (A) shall 
                be increased by an amount equal to--
                            ``(i) such dollar amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which the taxable year begins, 
                        determined by substituting `calendar year 2013' 
                        for `calendar year 1992' in subparagraph (B) 
                        thereof.
                Any increase determined under the preceding sentence 
                shall be rounded to the nearest multiple of $50.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2013.
                                 <all>