[Congressional Record Volume 163, Number 194 (Wednesday, November 29, 2017)]
[Senate]
[Page S7414]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1612. Ms. COLLINS submitted an amendment intended to be proposed 
by her to the bill H.R. 1, to provide for reconciliation pursuant to 
titles II and V of the concurrent resolution on the budget for fiscal 
year 2018; which was ordered to lie on the table; as follows:

       At the end of part III of subtitle A of title I, insert the 
     following:

     SEC. 2. REFUNDABILITY OF CHILD AND DEPENDENT CARE TAX CREDIT.

       (a) In General.--The Internal Revenue Code of 1986 is 
     amended--
       (1) by redesignating section 21 as section 36C, and
       (2) by moving section 36C, as so redesignated, from subpart 
     A of part IV of subchapter A of chapter 1 to the location 
     immediately before section 37 in subpart C of part IV of 
     subchapter A of chapter 1.
       (b) Adjustment for Inflation.--Section 36C, as redesignated 
     by subsection (a), is amended--
       (1) by redesignating subsection (f) as subsection (g), and
       (2) by inserting after subsection (e) the following new 
     subsection:
       ``(f) Inflation Adjustment.--
       ``(1) In general.--In the case of any taxable year 
     beginning after 2017, each of the dollar amounts in 
     subsections (a)(2) and (c) shall be increased by an amount 
     equal to--
       ``(A) such dollar amount, multiplied by
       ``(B) the cost-of-living adjustment determined under 
     section 1(f)(3) for the calendar year in which the taxable 
     year begins.
       ``(2) Rounding.--If any increase determined under paragraph 
     (1) is not a multiple of $50, such increase shall be rounded 
     to the nearest multiple of $50.''.
       (c) Technical Amendments.--
       (1) Paragraph (1) of section 23(f) is amended by striking 
     ``21(e)'' and inserting ``36C(e)''.
       (2) Paragraph (6) of section 35(g) is amended by striking 
     ``21(e)'' and inserting ``36C(e)''.
       (3) Paragraph (1) of section 36C(a) (as redesignated by 
     subsection (a)) is amended by striking ``this chapter'' and 
     inserting ``this subtitle''.
       (4) Subparagraph (C) of section 129(a)(2) is amended by 
     striking ``section 21(e)'' and inserting ``section 36C(e)''.
       (5) Paragraph (2) of section 129(b) is amended by striking 
     ``section 21(d)(2)'' and inserting ``section 36C(d)(2)''.
       (6) Paragraph (1) of section 129(e) is amended by striking 
     ``section 21(b)(2)'' and inserting ``section 36C(b)(2)''.
       (7) Subsection (e) of section 213 is amended by striking 
     ``section 21'' and inserting ``section 36C''.
       (8) Subparagraph (H) of section 6213(g)(2) is amended by 
     striking ``section 21'' and inserting ``section 36C''.
       (9) Subparagraph (L) of section 6213(g)(2) is amended by 
     striking ``section 21, 24, or 32,'' and inserting ``section 
     24, 32, or 36C,''.
       (10) Paragraph (2) of section 1324(b) of title 31, United 
     States Code, is amended by inserting ``36C,'' after ``36B,''.
       (11) The table of sections for subpart C of part IV of 
     subchapter A of chapter 1 is amended by inserting after the 
     item relating to section 36B the following:

``Sec. 36C. Expenses for household and dependent care services 
              necessary for gainful employment.''.

       (12) The table of sections for subpart A of such part IV is 
     amended by striking the item relating to section 21.
       (d) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2017.
                                 ______