To amend the Internal Revenue Code of 1986 to make the dependent care credit refundable, and for other purposes.

Summary

Repeals the Internal Revenue Code's nonrefundable income tax credit for employment-related dependent care expenses, replacing it with a corresponding refundable 50 percent credit, reduced (but not below 20 percent) as the taxpayer's adjusted gross income exceeds $15,000 (adjusted for inflation). Includes within the scope of the new credit up to $1,200 ($2,400 in the case of more than one qualifying individual) of respite care expenses incurred in the care of: (1) a dependent of the taxpayer who is at least 13 years old; or (2) a spouse or other dependent who is physically or mentally incapable of self-care.

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

Timeline

1. 25 September 1997

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 25 September 1997

   Introduced

   Sponsor introductory remarks on measure. (CR E1862-1863)

   Source: IntroReferral

3. 25 September 1997

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 September 1997

   Introduced

   Introduced in House

   Source: IntroReferral

5. 5 March 1998

   Introduced

   Sponsor introductory remarks on measure. (CR H893)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 September 1997 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 September 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 September 1997

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 25 September 1997

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  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Morella, Constance A. [R-MD-8] · R · Sponsor
• Rep. Allen, Thomas H. [D-ME-1] · D · Sponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Sponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Sponsor
• Rep. Sandlin, Max [D-TX-1] · D · Sponsor
• Rep. Olver, John W. [D-MA-1] · D · Sponsor
• Rep. Frost, Martin [D-TX-24] · D · Sponsor
• Rep. Rivers, Lynn N. [D-MI-13] · D · Sponsor
• Rep. Kennedy, Patrick J. [D-RI-1] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Rep. Evans, Lane [D-IL-17] · D · Cosponsor
• Rep. Torres, Esteban Edward [D-CA-34] · D · Cosponsor
• Rep. Millender-McDonald, Juanita [D-CA-37] · D · Cosponsor
• Rep. Serrano, Jose E. [D-NY-15] · D · Cosponsor
• · hswm00 · Standing

Related records

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