summary
Introduced
02/01/2017
02/01/2017
In Committee
02/01/2017
02/01/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Family Care Savings Act This bill amends the Internal Revenue Code to increase the amount of the tax exclusion for employer-provided dependent care assistance to $10,000 in a taxable year and to provide for an inflation adjustment to such increased amount after 2017.
AI Summary
This bill, the Family Care Savings Act, amends the Internal Revenue Code to increase the tax exclusion for employer-provided dependent care assistance from $5,000 to $10,000 per taxable year. It also provides for an annual inflation adjustment to this increased amount starting in 2018, based on the consumer price index. These changes are intended to help families offset the costs of dependent care, such as childcare or care for elderly or disabled relatives.
Committee Categories
Budget and Finance
Sponsors (10)
Patrick McHenry (R)*,
Don Bacon (R),
Mike Coffman (R),
Barbara Comstock (R),
Grace Meng (D),
John Moolenaar (R),
Robert Pittenger (R),
Bruce Poliquin (R),
David Rouzer (R),
Ann Wagner (R),
Last Action
Referred to the House Committee on Ways and Means. (on 02/01/2017)
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/782/all-info |
| BillText | https://www.congress.gov/115/bills/hr782/BILLS-115hr782ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr782/BILLS-115hr782ih.pdf.pdf |
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