Bill > HR4354

This bill, the Child Care Flexibility for Working Families Act, aims to improve the employer-provided child care tax credit under the Internal Revenue Code. The key provisions include: 1) Allowing the credit to be used for reimbursing employees for child care costs necessary for their employment, in addition to the existing uses. 2) Removing the requirement that the credit can only be claimed for child care facilities providing employer-provided care. 3) Increasing the credit percentage to 50% for small employers (those with up to 50 employees and $25 million in gross receipts). Additionally, the bill requires a study by the Government Accountability Office on the characteristics of employers claiming and not claiming the credit, the benefits to employees, and challenges faced by employers.

Budget and Finance

https://www.congress.gov/bill/117th-congress/house-bill/4354/all-info