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United States · Bill · HR

H.R. 2456 (100th)

A bill to amend the Internal Revenue Code of 1986 to increase the amount of the credit for dependent care expenses, to make such credit refundable, and to provide that certain respite care expenses are eligible for such credit.

referredUnited States· United States Congress· EN

Introduced

18 May 1987

Last action

18 May 1987 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Sen. Snowe, Olympia J. [R-ME], Rep. Conte, Silvio O. [R-MA-1], Rep. Bates, Jim [D-CA-44], Rep. Smith, Lawrence [D-FL-16], Rep. Schneider, Claudine [R-RI-2], Rep. Biaggi, Mario [D-NY-19], Rep. Ford, William D. [D-MI-13], Rep. Weiss, Ted [D-NY-17], Rep. Johnson, Nancy L. [R-CT-5], Rep. Bevill, Tom [D-AL-4], Rep. Lancaster, H. Martin [D-NC-3], Rep. Bentley, Helen Delich [R-MD-2], Rep. Conyers, John, Jr. [D-MI-13], Rep. Stokes, Louis [D-OH-11], Rep. Boehlert, Sherwood [R-NY-24], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Garcia, Robert [D-NY-18], Rep. Kastenmeier, Robert W. [D-WI-2], Rep. Dornan, Robert K. [R-CA-46], Rep. Martinez, Matthew G. [D-CA-31], Rep. Dellums, Ronald V. [D-CA-9], Rep. Solarz, Stephen J. [D-NY-13], Rep. Traficant, James A., Jr. [D-OH-17], Rep. Coyne, William J. [D-PA-14], Rep. Lehman, William [D-FL-17], Rep. Wolpe, Howard E. [D-MI-3], Rep. Miller, George [D-CA-11], Rep. Towns, Edolphus [D-NY-10], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Clinger, William F., Jr. [R-PA-5], Rep. Studds, Gerry E. [D-MA-10], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Mrazek, Robert J. [D-NY-3], Rep. Waxman, Henry A. [D-CA-33], Rep. Lantos, Tom [D-CA-12], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Swift, Al [D-WA-2], Rep. Green, S. William [R-NY-15], Sen. Jeffords, James M. [I-VT], Rep. Moakley, John Joseph [D-MA-9]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends Internal Revenue Code provisions relating to the income tax credit for employment-related dependent care expenses to: (1) make the credit refundable; (2) increase the amount of the credit from 30 percent to 50 percent of the relevant expenses, reduced (but not below 20 percent) by one percent for each full $1,000 amount by which the taxpayer's adjusted gross income (AGI) exceeds $15,000, subject to an annual adjustment for inflation (the current reduction is one percent for each $2,000 in excess of $10,000 AGI with no provision for a cost of living adjustment); and (3) apply the credit to expenses for certain respite care of qualifying dependents of the taxpayer. Permits credit for up to $1,200 of respite care expenses ($2,400 in the case of more than one qualifying individual) incurred in the care of: (1) a dependent of the taxpayer who is at least 15 years old; or (2) a spouse or other dependent of the taxpayer who is physically or mentally incapable of self-care.

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

Timeline

  1. 18 May 1987

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 18 May 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 May 1987

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

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Sponsors

Related records

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Sources

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