Affordable Child Care Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8635 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 8635

   To amend the Internal Revenue Code of 1986 to double the value of 
       certain tax benefits relating to children and dependents.


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                    IN THE HOUSE OF REPRESENTATIVES

                              June 5, 2024

  Mr. Molinaro (for himself and Ms. Davids of Kansas) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to double the value of 
       certain tax benefits relating to children and dependents.

    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 ``Affordable Child Care Act''.

SEC. 2. CHILD AND DEPENDENT CARE CREDIT DOUBLED.

    (a) In General.--Section 21(c) of the Internal Revenue Code of 1986 
is amended--
            (1) in paragraph (1), by striking ``$3,000'' and inserting 
        ``$6,000'', and
            (2) in paragraph (2), by striking ``$6,000'' and inserting 
        ``$12,000''.
    (b) Conforming Amendment.--Section 21 of such Code is amended by 
striking subsection (g) and redesignating subsection (h) as subsection 
(g).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2023.

SEC. 3. DEPENDENT CARE ASSISTANCE PROGRAM LIMIT DOUBLED.

    (a) In General.--Section 129(a)(2) of the Internal Revenue Code of 
1986 is amended--
            (1) in subparagraph (A), by striking ``$5,000 ($2,500'' and 
        inserting ``$10,000 (half such dollar amount)'', and
            (2) by striking subparagraph (D).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2023.

SEC. 4. EMPLOYER-PROVIDED CHILDCARE CREDIT DOUBLED.

    (a) In General.--Section 45F(b) of the Internal Revenue Code of 
1986 is amended by striking ``$150,000'' and inserting ``$300,000''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2023.
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