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United States · Bill · HR

H.R. 3292 (105th)

Investment in Children Act of 1998

referredUnited States· United States Congress· EN

Introduced

26 February 1998

Last action

16 March 1998 · Referred

Status

Referred to the Subcommittee on Early Childhood, Youth and Families.

Sponsors

Rep. Kennelly, Barbara B. [D-CT-1], Rep. Matsui, Robert T. [D-CA-5], Rep. Hastings, Alcee L. [D-FL-20], Rep. Frank, Barney [D-MA-4], Rep. Boucher, Rick [D-VA-9], Rep. Meehan, Martin T. [D-MA-5], Rep. McNulty, Michael R. [D-NY-23], Del. Faleomavaega, Eni F. H. [D-AS-At Large], Rep. Frost, Martin [D-TX-24], Rep. Neal, Richard E. [D-MA-1], Rep. Bonior, David E. [D-MI-10], Rep. Towns, Edolphus [D-NY-10], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Lofgren, Zoe [D-CA-18], Rep. Clayton, Eva M. [D-NC-1], Rep. Kennedy, Patrick J. [D-RI-1], Rep. Miller, George [D-CA-11], Rep. Torres, Esteban Edward [D-CA-34], Rep. Levin, Sander M. [D-MI-12], Rep. Lewis, John [D-GA-5], Rep. Thurman, Karen L. [D-FL-5]

Subjects

Taxation, Education

Source updated

21 August 2025

Taxation · Education

Summary

Investment in Children Act of 1998 - Amends the Internal Revenue Code (IRC) to increase the credit for dependent care services necessary for gainful employment. Provides for an "increased dependent care credit equivalent amount" (as defined) if the taxpayer has a child under the age of four, but only if the taxpayer elects not to use the credit for dependent care services necessary for gainful employment. (Sec. 3) Allows for an employer-provided child care credit of up to 25 percent of qualified child care expenditures (not to exceed $150,000), which can include the costs of acquiring or expanding property to be used as a qualified day care facility. (Sec. 4) Amends part A ( Block Grants to States for Temporary Assistance for Needy Families) of title IV of the Social Security Act to provide for grants to States: (1) to improve the quality and safety of child care; (2) for the provision of child care assistance for low-income working families; and (3) for the provision of child care services before and after regular school hours. (Sec. 5) Authorizes appropriations through FY 2003 for part I (21st Century Community Learning Centers Act) of title X of the Elementary and Secondary Education Act of 1965. Sets forth provisions concerning the distribution of assistance under part I. (Sec. 6) Revises IRC provisions concerning the aggregate amount of nonrefundable personal credits allowed to provide that the aggregate amount of such credits allowed shall not exceed the sum of: (1) the taxpayer's regular tax liability; plus (2) the alternative minimum tax.

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

Timeline

  1. 26 February 1998

    Introduced

    Referred to House Ways and Means

    Source: IntroReferral

  2. 26 February 1998

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  3. 26 February 1998

    Introduced

    Sponsor introductory remarks on measure. (CR E239-240)

    Source: IntroReferral

  4. 26 February 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 26 February 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  6. 4 March 1998

    Referred

    Referred to the Subcommittee on Human Resources.

    Source: Committee

  7. 16 March 1998

    Referred

    Referred to the Subcommittee on Early Childhood, Youth and Families.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 26 February 1998

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 26 February 1998

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 26 February 1998

    Open at official source

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Sponsors

Related records

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Sources

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