summary
Introduced
05/24/2017
05/24/2017
In Committee
05/24/2017
05/24/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Child and Dependent Care Tax Credit Enhancement Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent, to: (1) increase to $120,000, the adjusted gross income threshold level above which such credit is incrementally reduced; (2) increase the dollar limit on the allowable amount of such credit; (3) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2018; and (4) make such credit refundable.
AI Summary
This bill amends the Internal Revenue Code to enhance the Child and Dependent Care Tax Credit. Specifically, it: (1) increases the adjusted gross income threshold above which the credit is reduced from $15,000 to $120,000; (2) increases the maximum credit amount from $3,000 to $6,000 for one qualifying individual and from $6,000 to $12,000 for two or more qualifying individuals; (3) provides for annual inflation adjustments to the income threshold and maximum credit amounts starting in 2019; and (4) makes the credit fully refundable, meaning taxpayers can receive the credit even if they do not owe any federal income tax. These changes are intended to make the credit more accessible and helpful for families with child or dependent care expenses.
Committee Categories
Budget and Finance
Sponsors (41)
Danny Davis (D)*,
Don Bacon (R),
Nanette Barragán (D),
Earl Blumenauer (D),
Lisa Blunt Rochester (D),
Suzanne Bonamici (D),
Anthony Brown (D),
Michael Capuano (D),
André Carson (D),
Yvette Clarke (D),
Steve Cohen (D),
Suzan DelBene (D),
Val Demings (D),
Mark DeSaulnier (D),
Adriano Espaillat (D),
Dwight Evans (D),
John Garamendi (D),
Vicente Gonzalez (D),
Raúl Grijalva (D),
Colleen Hanabusa (D),
Alcee Hastings (D),
Eddie Johnson (D),
Robin Kelly (D),
John Larson (D),
Brenda Lawrence (D),
Al Lawson (D),
Barbara Lee (D),
Ted Lieu (D),
Gregory Meeks (D),
Jerry Nadler (D),
Donald Norcross (D),
Eleanor Holmes Norton (D),
Collin Peterson (D),
Lucille Roybal-Allard (D),
Raul Ruiz (D),
Bobby Rush (D),
Tim Ryan (D),
Mark Takano (D),
Bennie Thompson (D),
Bonnie Watson Coleman (D),
Frederica Wilson (D),
Last Action
Referred to the House Committee on Ways and Means. (on 05/24/2017)
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/2633/all-info |
| BillText | https://www.congress.gov/115/bills/hr2633/BILLS-115hr2633ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr2633/BILLS-115hr2633ih.pdf.pdf |
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