United States · Bill · HR
H.R. 7360 (118th)
PACE Act
Introduced
14 February 2024
Last action
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Status
Referred to the House Committee on Ways and Means.
Sponsors
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Subjects
Discovery layer
Source updated
24 July 2024
Summary
Promoting Affordable Childcare for Everyone Act or the PACE Act This bill modifies the tax credit for expenses for household and dependent care services necessary for gainful employment (known as the Child and Dependent Care Tax Credit) to (1) make the credit refundable, (2) increase the rate for the credit, and (3) require the dollar amounts for such credit to be adjusted for inflation. The bill also increases the amount of employer-provided dependent care assistance which may be excluded from the gross income of an employee and requires the increased exclusion amount to be adjusted for inflation.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 14 February 2024
Introduced in House (PDF)
Introduced in House · EN · 14 February 2024
Introduced in House
summary · EN · 14 February 2024
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/house-bill/7360
- Open data entity: https://api.congress.gov/v3/bill/118/hr/7360