[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1959 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 1959

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


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 5, 2017

    Ms. Sinema (for herself and Ms. Herrera Beutler) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase 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 and Dependent Care FSA 
Enhancement Act''.

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

    (a) In General.--Section 129(a)(2)(A) of the Internal Revenue Code 
of 1986 is amended by striking ``$5,000 ($2,500'' and inserting 
``$7,500 (half such dollar amount''.
    (b) Inflation Adjustment.--Section 129(a)(2) of such Code is 
amended by redesignating subparagraph (C) as subparagraph (D) and by 
inserting after subparagraph (B) the following new subparagraph:
                    ``(C) Inflation adjustment.--In the case of any 
                taxable year beginning in a calendar year after 2016, 
                the $7,500 amount 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 2015' 
                        for `calendar year 1992' in subparagraph (B) 
                        thereof.
                Any increase determined under the preceding sentence 
                shall be rounded to the nearest multiple of $100.''.
    (c) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2017.
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