Child Care Tax Credit Reform Act of 1991

Summary

Child Care Tax Credit Reform Act of 1991 - Amends the Internal Revenue Code to increase from $2,400 to $3,600 (from $4,800 to $5,400 in the case of two or more qualifying dependents) the amount of employment-related expenses subject to the dependent care income tax credit. Denies the credit to taxpayers having adjusted gross income of $50,000 or more. Removes the 20 percent minimum credit percentage, thus subjecting taxpayers having income above $28,000 to an incremental decrease in the applicable credit percentage.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 6 February 1991

  Open at official source

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