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United States · Bill · HR

H.R. 2298 (97th)

A bill to amend the Internal Revenue Code of 1954 to modify the credit allowed for expenses for household and dependent care services necessary for gainful employment to include credit to individuals for expenses for the care of a mentally or physically handicapped child of such individual and to provide for the exemption from taxation of trusts established to provide care for such children except to the extent of distributions and to provide a deduction for contributions to such trusts.

referredUnited States· United States Congress· EN

Introduced

4 March 1981

Last action

4 March 1981 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Downey, Thomas J. [D-NY-2], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Bedell, Berkley W. [D-IA-6], Rep. Brodhead, William [D-MI-17], Rep. Brown, George E., Jr. [D-CA-36], Rep. Chisholm, Shirley [D-NY-12], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Collins, Cardiss [D-IL-7], JOHN CONYERS, Rep. Coyne, William J. [D-PA-14], Rep. de la Garza, E. [D-TX-15], Del. de Lugo, Ron [D-VI-At Large], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Edgar, Robert W. [D-PA-7], Rep. Erdahl, Arlen [R-MN-1], Rep. Fascell, Dante B. [D-FL-15], Rep. Fish, Hamilton, Jr. [R-NY-25], Rep. Gingrich, Newt [R-GA-6], Rep. Guyer, Tennyson [R-OH-4], Rep. Horton, Frank J. [R-NY-34], Rep. Hughes, William J. [D-NJ-2], Rep. Kildee, Dale E. [D-MI-7], Rep. LaFalce, John J. [D-NY-36], Rep. McKinney, Stewart B. [R-CT-4], Rep. Mitchell, Parren J. [D-MD-7], Rep. Mottl, Ronald M. [D-OH-23], Rep. Murphy, Austin J. [D-PA-22], Rep. Pepper, Claude [D-FL-14], Rep. Pritchard, Joel [R-WA-1], Rep. Rahall, Nick J., II [D-WV-4], Rep. Rangel, Charles B. [D-NY-19], Rep. Richmond, Frederick W. [D-NY-14], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Roe, Robert A. [D-NJ-8], Rep. Rosenthal, Benjamin S. [D-NY-8], Rep. Sabo, Martin Olav [D-MN-5], Rep. Santini, James D. [D-NV-98], Rep. Scheuer, James H. [D-NY-11], Rep. Solarz, Stephen J. [D-NY-13], Rep. Stokes, Louis [D-OH-21], Rep. Whitehurst, G. William [R-VA-2], Del. Won Pat, Antonio B. [D-GU-At Large], Rep. Yatron, Gus [D-PA-6], Sen. Mikulski, Barbara A. [D-MD], Rep. Oakar, Mary Rose [D-OH-20]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to provide that taxpayers who incur expenses for the care of a dependent child who is mentally or physically handicapped shall be eligible for the child care credit whether or not the taxpayer incurred such expenses to enable him to seek gainful employment or such expenses were incurred outside his household. Increases the amount of expenses which may be considered in determining the amount of the credit. Provides that the earned income limitation shall not apply to taxpayers who provide care for handicapped children. Grants tax-exempt status to a trust established for the care of a physically or mentally handicapped child of the taxpayer. Allows an income tax deduction for contributions to a child care trust. Limits the amount of such deduction for contributions to a child care trust. Limits the amount of such deduction to the lesser of 15 percent of the taxpayer's compensation includable in gross income for the taxable year, or $1,500. Provides that distributions from such a trust shall not be taken into consideration in determining the eligibility of such child for Federal or State assistance.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 March 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 4 March 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 March 1981

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

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Sources

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