Bill
Bill > HR775
US HR775
To amend the Internal Revenue Code of 1986 to inflation adjust the $5,000 limitation with respect to dependent care assistance programs and flexible spending arrangements.
summary
Introduced
01/31/2017
01/31/2017
In Committee
01/31/2017
01/31/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to inflation adjust the $5,000 limitation with respect to dependent care assistance programs and flexible spending arrangements. This bill amends the Internal Revenue Code to provide for an annual adjustment for inflation in taxable years beginning after 2017 to the $5,000 exclusion from the gross income of employees who receive employer-provided dependent care assistance.
AI Summary
This bill amends the Internal Revenue Code to provide for an annual adjustment for inflation in taxable years beginning after 2017 to the $5,000 exclusion from the gross income of employees who receive employer-provided dependent care assistance. This adjustment will be made based on the cost-of-living increase, using 2014 as the base year.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 01/31/2017)
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/115th-congress/house-bill/775/all-info |
| BillText | https://www.congress.gov/115/bills/hr775/BILLS-115hr775ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr775/BILLS-115hr775ih.pdf.pdf |
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