| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1408 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to double the value of certain |
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| 6 | 6 | | tax benefits relating to children and dependents. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | FEBRUARY18, 2025 |
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| 9 | 9 | | Ms. D |
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| 10 | 10 | | AVIDSof Kansas (for herself, Mr. FITZPATRICK, Ms. BONAMICI, and |
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| 11 | 11 | | Mr. M |
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| 12 | 12 | | ACKENZIE) introduced the following bill; which was referred to the |
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| 13 | 13 | | Committee on Ways and Means |
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| 14 | 14 | | A BILL |
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| 15 | 15 | | To amend the Internal Revenue Code of 1986 to double |
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| 16 | 16 | | the value of certain tax benefits relating to children |
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| 17 | 17 | | and dependents. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. SHORT TITLE. 3 |
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| 21 | 21 | | This Act may be cited as the ‘‘Affordable Child Care 4 |
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| 22 | 22 | | Act’’. 5 |
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| 23 | 23 | | SEC. 2. CHILD AND DEPENDENT CARE CREDIT DOUBLED. 6 |
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| 24 | 24 | | (a) I |
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| 25 | 25 | | NGENERAL.—Section 21(c) of the Internal Rev-7 |
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| 26 | 26 | | enue Code of 1986 is amended— 8 |
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| 27 | 27 | | VerDate Sep 11 2014 23:30 Mar 11, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1408.IH H1408 |
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| 28 | 28 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 29 | 29 | | •HR 1408 IH |
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| 30 | 30 | | (1) in paragraph (1), by striking ‘‘$3,000’’ and 1 |
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| 31 | 31 | | inserting ‘‘$6,000’’, and 2 |
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| 32 | 32 | | (2) in paragraph (2), by striking ‘‘$6,000’’ and 3 |
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| 33 | 33 | | inserting ‘‘$12,000’’. 4 |
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| 34 | 34 | | (b) C |
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| 35 | 35 | | ONFORMINGAMENDMENT.—Section 21 of such 5 |
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| 36 | 36 | | Code is amended by striking subsection (g) and redesig-6 |
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| 37 | 37 | | nating subsection (h) as subsection (g). 7 |
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| 38 | 38 | | (c) E |
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| 39 | 39 | | FFECTIVEDATE.—The amendments made by 8 |
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| 40 | 40 | | this section shall apply to taxable years beginning after 9 |
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| 41 | 41 | | December 31, 2024. 10 |
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| 42 | 42 | | SEC. 3. DEPENDENT CARE ASSISTANCE PROGRAM LIMIT 11 |
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| 43 | 43 | | DOUBLED. 12 |
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| 44 | 44 | | (a) I |
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| 45 | 45 | | NGENERAL.—Section 129(a)(2) of the Internal 13 |
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| 46 | 46 | | Revenue Code of 1986 is amended— 14 |
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| 47 | 47 | | (1) in subparagraph (A), by striking ‘‘$5,000 15 |
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| 48 | 48 | | ($2,500’’ and inserting ‘‘$10,000 (half such dollar 16 |
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| 49 | 49 | | amount)’’, and 17 |
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| 50 | 50 | | (2) by striking subparagraph (D). 18 |
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| 51 | 51 | | (b) E |
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| 52 | 52 | | FFECTIVEDATE.—The amendments made by 19 |
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| 53 | 53 | | this section shall apply to taxable years beginning after 20 |
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| 54 | 54 | | December 31, 2024. 21 |
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| 55 | 55 | | VerDate Sep 11 2014 23:30 Mar 11, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1408.IH H1408 |
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| 56 | 56 | | ssavage on LAPJG3WLY3PROD with BILLS 3 |
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| 57 | 57 | | •HR 1408 IH |
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| 58 | 58 | | SEC. 4. EMPLOYER-PROVIDED CHILDCARE CREDIT DOU-1 |
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| 59 | 59 | | BLED. 2 |
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| 60 | 60 | | (a) I |
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| 61 | 61 | | NGENERAL.—Section 45F(b) of the Internal 3 |
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| 62 | 62 | | Revenue Code of 1986 is amended by striking ‘‘$150,000’’ 4 |
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| 63 | 63 | | and inserting ‘‘$300,000’’. 5 |
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| 64 | 64 | | (b) E |
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| 65 | 65 | | FFECTIVEDATE.—The amendments made by 6 |
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| 66 | 66 | | this section shall apply to taxable years beginning after 7 |
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| 67 | 67 | | December 31, 2024. 8 |
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| 68 | 68 | | Æ |
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| 69 | 69 | | VerDate Sep 11 2014 23:30 Mar 11, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H1408.IH H1408 |
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| 70 | 70 | | ssavage on LAPJG3WLY3PROD with BILLS |
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