summary
Introduced
07/23/2019
07/23/2019
In Committee
07/23/2019
07/23/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to increase the dollar limitation on the exclusion for employer-provided dependent care assistance. This bill increases the amount that employees may exclude from their gross income for employer-provided dependent care assistance.
AI Summary
This bill, the Child Care Flex Spending Act of 2019, amends the Internal Revenue Code to increase the amount that employees may exclude from their gross income for employer-provided dependent care assistance. Specifically, the bill raises the dollar limitation on this exclusion from $5,000 to the greater of $5,000 or $10,000 reduced by 5 cents for each dollar the employee's income exceeds $50,000. The bill also provides for annual inflation adjustments to these amounts and requires the Treasury Secretary to issue guidance to help employers determine the appropriate exclusion amount for reporting purposes. These changes would apply to taxable years starting after December 31, 2019.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 07/23/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/3903/all-info |
| BillText | https://www.congress.gov/116/bills/hr3903/BILLS-116hr3903ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr3903/BILLS-116hr3903ih.pdf.pdf |
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