117 S897 IS: Improving Child Care for Working Families Act of 2021 U.S. Senate 2021-03-23 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.

II117th CONGRESS1st SessionS. 897IN THE SENATE OF THE UNITED STATESMarch 23, 2021Ms. Ernst (for herself, Ms. Hassan, Mr. Tillis, and Ms. Sinema) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to increase the limitation of the exclusion for dependent care assistance programs.

1.

Short title

This Act may be cited as the Improving Child Care for Working Families Act of 2021.

2.

Increase in limitation of exclusion for dependent care assistance programs

(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 $10,500 (half such dollar amount. (b)

Effective date

The amendments made by this section shall apply to amounts paid or incurred in calendar years beginning after the date of the enactment of this Act.