summary
Introduced
02/08/2021
02/08/2021
In Committee
02/08/2021
02/08/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to enhance the Child and Dependent Care Tax Credit and make the credit fully refundable.
AI Summary
This bill aims to enhance the Child and Dependent Care Tax Credit by increasing the applicable percentage and the dollar limit on the amount creditable, making the credit fully refundable, and adjusting the credit for inflation. Specifically, it would increase the applicable percentage from 20-50% based on the taxpayer's adjusted gross income, raise the per-child credit limit from $3,000 to $8,000 ($6,000 to $16,000 for multiple children), and move the credit from a non-refundable to a refundable credit, allowing taxpayers to receive the full benefit of the credit even if they owe no federal income tax.
Committee Categories
Budget and Finance
Sponsors (34)
Bob Casey (D)*,
Tammy Baldwin (D),
Michael Bennet (D),
Richard Blumenthal (D),
Cory Booker (D),
Sherrod Brown (D),
Maria Cantwell (D),
Ben Cardin (D),
Catherine Cortez Masto (D),
Tammy Duckworth (D),
Dick Durbin (D),
Kirsten Gillibrand (D),
Maggie Hassan (D),
Martin Heinrich (D),
Mazie Hirono (D),
Angus King (I),
Amy Klobuchar (D),
Patrick Leahy (D),
Ben Ray Luján (D),
Bob Menendez (D),
Jeff Merkley (D),
Chris Murphy (D),
Patty Murray (D),
Alex Padilla (D),
Gary Peters (D),
Jack Reed (D),
Jacky Rosen (D),
Brian Schatz (D),
Chuck Schumer (D),
Tina Smith (D),
Debbie Stabenow (D),
Chris Van Hollen (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (on 02/08/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/271/all-info | 02/09/2021 |
| BillText | https://www.congress.gov/117/bills/s271/BILLS-117s271is.pdf | 03/02/2021 |
| Bill | https://www.congress.gov/117/bills/s271/BILLS-117s271is.pdf.pdf | 03/02/2021 |
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