Child Care Access and Refundability Expansion Act or the Child CARE Act - Amends the Internal Revenue Code, with respect to the tax credit for dependent care expenses, to: (1) make such credit refundable, (2) deny such credit to nonresident aliens, and (3) allow an annual cost-of-living adjustment after 2013 to the amounts used to determine an income-based reduction in the amount of such credit.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3740 Introduced in House (IH)]
113th CONGRESS
1st Session
H. R. 3740
To amend the Internal Revenue Code of 1986 to make the credit for
dependent care expenses refundable and to index the income phaseout of
the credit for inflation.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 12, 2013
Ms. Edwards (for herself, Mr. Conyers, Ms. DeLauro, Mr. Ruppersberger,
Ms. Matsui, and Ms. Meng) introduced the following bill; which was
referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to make the credit for
dependent care expenses refundable and to index the income phaseout of
the credit for inflation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Child Care Access and Refundability
Expansion Act'' or as the ``Child CARE Act''.
SEC. 2. CREDIT FOR DEPENDENT CARE EXPENSES.
(a) Credit Made Refundable.--
(1) In general.--The Internal Revenue Code of 1986 is
amended by redesignating section 21 as section 36C and by
moving such section after section 36B.
(2) Credit not allowed to nonresident aliens.--Section
36C(a)(1) of the Internal Revenue Code of 1986, as redesignated
by this section, is amended by inserting ``(other than a
nonresident alien)'' after ``In the case of an individual''.
(3) Conforming amendments.--
(A) Section 23(f)(1) of such Code is amended by
striking ``section 21(e)'' and inserting ``section
36C(e)''.
(B) Section 35(g)(6) of such Code is amended by
striking ``section 21(e)'' and inserting ``section
36C(e)''.
(C) Section 36C(a)(1) of such Code, as redesignated
by this section, is amended by striking ``this
chapter'' and inserting ``this subtitle''.
(D) Section 129(a)(2)(C) of such Code is amended by
striking ``section 21(e)'' and inserting ``section
36C(e)''.
(E) Section 129(b)(2) of such Code is amended by
striking ``section 21(d)(2)'' and inserting ``section
36C(d)(2)''.
(F) Section 129(e)(1) of such Code is amended by
striking ``section 21(b)(2)'' and inserting ``section
36C(b)(2)''.
(G) Section 213(e) of such Code is amended by
striking ``section 21'' and inserting ``section 36C''.
(H) Section 6211(b)(4)(A) of such Code is amended
by inserting ``36C,'' after ``36B,''.
(I) Section 6213(g)(2)(H) of such Code is amended
by striking ``section 21'' and inserting ``section
36C''.
(J) Section 6213(g)(2)(L) of such Code is amended
by striking ``section 21, 24, 32, or 6428'' and
inserting ``section 24, 32, 36C, or 6428''.
(K) Paragraph (2) of section 1324(b) of title 31,
United States Code, is amended by inserting ``36C,''
after ``36B,''.
(L) The table of sections for subpart A of part IV
of subchapter A of chapter 1 of the Internal Revenue
Code of 1986 is amended by striking the item relating
to section 21.
(M) The table of sections for subpart C of part IV
of subchapter A of chapter 1 of such Code is amended by
inserting after the item relating to section 36B the
following new item:
``Sec. 36C. Expenses for household and dependent care services
necessary for gainful employment.''.
(b) Inflation Adjustment of Income Thresholds for Credit
Phasedown.--Section 36C(e) of the Internal Revenue Code of 1986, as
redesignated by this section, is amended by adding at the end the
following new paragraph:
``(11) Inflation adjustment.--
``(A) In general.--In the case of any taxable year
beginning in a calendar year after 2013, the $2,000
amount and the $15,000 amount in subsection (a)(2)
shall each be increased by an amount equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment
determined under section 1(f)(3) for the
calendar year in which the taxable year begins,
determined by substituting `calendar year 2012'
for `calendar year 1992' in subparagraph (B)
thereof.
``(B) Rounding.--Any increase determined under
subparagraph (A) shall be rounded to the nearest
multiple of--
``(i) in the case of the $2,000 amount,
$50, and
``(ii) in the case of the $15,000 amount,
$100.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2013.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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