summary
Introduced
04/15/2024
04/15/2024
In Committee
04/15/2024
04/15/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to establish a refundable credit for qualified child care startup expenses.
AI Summary
This bill, the Expanding Child Care Access Act of 2024, establishes a refundable tax credit for qualified child care startup expenses incurred by licensed family child care providers. The credit, which can be up to $5,000 per year, covers costs such as licensing fees, supplies, insurance, and equipment needed to establish and operate a qualified family child care business. To be eligible, the family child care provider must be licensed or registered under state law and provide care to at least two children (excluding the provider's own children) for a significant portion of the tax year. The credit is limited to one-time use per taxpayer and cannot be claimed for expenses that are already deducted or credited elsewhere. The bill also directs the Secretary of the Treasury to issue regulations necessary to implement the credit, which would sunset after seven years from the date of enactment.
Committee Categories
Budget and Finance
Sponsors (34)
Jeff Jackson (D)*,
Nanette Barragán (D),
Julia Brownley (D),
Salud Carbajal (D),
André Carson (D),
Matt Cartwright (D),
Sean Casten (D),
Sheila Cherfilus-McCormick (D),
Judy Chu (D),
Chris Deluzio (D),
Valerie Foushee (D),
Maxwell Frost (D),
Robert Garcia (D),
Sylvia Garcia (D),
Marie Gluesenkamp Pérez (D),
Josh Gottheimer (D),
Jahana Hayes (D),
Sheila Jackson-Lee (D),
Andy Kim (D),
Wiley Nickel (D),
Eleanor Holmes Norton (D),
Mary Peltola (D),
Scott Peters (D),
Ayanna Pressley (D),
Delia Ramirez (D),
Deborah Ross (D),
Linda Sánchez (D),
Mark Takano (D),
Dina Titus (D),
Rashida Tlaib (D),
Jill Tokuda (D),
Lori Trahan (D),
David Trone (D),
Bonnie Watson Coleman (D),
Last Action
Referred to the House Committee on Ways and Means. (on 04/15/2024)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Family Issues
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/118th-congress/house-bill/8004/all-info | 04/16/2024 |
| BillText | https://www.congress.gov/118/bills/hr8004/BILLS-118hr8004ih.pdf | 04/26/2024 |
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