Bill
Bill > HR7837
US HR7837
US HR7837SAFE Kids and Jobs Act Supporting American Families, Employers, Kids and Jobs Act
summary
Introduced
07/29/2020
07/29/2020
In Committee
07/29/2020
07/29/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
SAFE Kids and Jobs Act SAFE Kids and Jobs Act Supporting American Families, Employers, Kids and Jobs Act Supporting American Families, Employers, Kids and Jobs Act This bill allows an employer a payroll tax credit for 30% of qualified employee dependent care expenses (i.e., dependent care assistance) paid by the employer in a calendar quarter. The amount of qualified expenses eligible for the credit is limited to $2,500 per employee in any calendar quarter.
AI Summary
This bill allows an employer a payroll tax credit for 30% of qualified employee dependent care expenses (i.e., dependent care assistance) paid by the employer in a calendar quarter, up to $2,500 per employee. The credit is refundable if it exceeds the employer's applicable employment taxes for the quarter. The bill includes provisions to prevent discrimination in providing the credit, avoid double benefits, and coordinate the credit with government grants. The credit is available for qualified expenses paid after the bill's enactment and before January 1, 2021.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred to the Subcommittee on Select Revenue Measures. (on 07/29/2020)
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/7837/all-info |
| BillText | https://www.congress.gov/116/bills/hr7837/BILLS-116hr7837ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr7837/BILLS-116hr7837ih.pdf.pdf |
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