| 1 | 1 | | I |
|---|
| 2 | 2 | | 119THCONGRESS |
|---|
| 3 | 3 | | 1 |
|---|
| 4 | 4 | | STSESSION H. R. 1426 |
|---|
| 5 | 5 | | To amend the Internal Revenue Code of 1986 to increase the amount allowed |
|---|
| 6 | 6 | | as a credit under the expenses for household and dependent care services |
|---|
| 7 | 7 | | credit and the employer-provided child care credit. |
|---|
| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
|---|
| 9 | 9 | | FEBRUARY18, 2025 |
|---|
| 10 | 10 | | Mr. M |
|---|
| 11 | 11 | | ACKENZIEintroduced the following bill; which was referred to the |
|---|
| 12 | 12 | | Committee on Ways and Means |
|---|
| 13 | 13 | | A BILL |
|---|
| 14 | 14 | | To amend the Internal Revenue Code of 1986 to increase |
|---|
| 15 | 15 | | the amount allowed as a credit under the expenses for |
|---|
| 16 | 16 | | household and dependent care services credit and the |
|---|
| 17 | 17 | | employer-provided child care credit. |
|---|
| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
|---|
| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
|---|
| 20 | 20 | | SECTION 1. INCREASE IN CREDIT FOR EXPENSES FOR 3 |
|---|
| 21 | 21 | | HOUSEHOLD AND DEPENDENT CARE SERV-4 |
|---|
| 22 | 22 | | ICES. 5 |
|---|
| 23 | 23 | | (a) I |
|---|
| 24 | 24 | | NGENERAL.—Section 21(c) of the Internal Rev-6 |
|---|
| 25 | 25 | | enue Code of 1986 is amended— 7 |
|---|
| 26 | 26 | | VerDate Sep 11 2014 02:53 Apr 09, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1426.IH H1426 |
|---|
| 27 | 27 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
|---|
| 28 | 28 | | •HR 1426 IH |
|---|
| 29 | 29 | | (1) in paragraph (1), by striking ‘‘$3,000’’ and 1 |
|---|
| 30 | 30 | | inserting ‘‘$6,000’’, and 2 |
|---|
| 31 | 31 | | (2) in paragraph (2), by striking ‘‘$6,000’’ and 3 |
|---|
| 32 | 32 | | inserting ‘‘$12,000’’. 4 |
|---|
| 33 | 33 | | (b) E |
|---|
| 34 | 34 | | FFECTIVEDATE.—The amendments made by 5 |
|---|
| 35 | 35 | | this section shall apply to taxable years beginning after 6 |
|---|
| 36 | 36 | | the date of the enactment of this Act. 7 |
|---|
| 37 | 37 | | SEC. 2. INCREASE IN EMPLOYER-PROVIDED CHILD CARE 8 |
|---|
| 38 | 38 | | CREDIT. 9 |
|---|
| 39 | 39 | | (a) I |
|---|
| 40 | 40 | | NGENERAL.—Section 45F(b) is amended by 10 |
|---|
| 41 | 41 | | striking ‘‘$150,000’’ and inserting ‘‘$400,000’’. 11 |
|---|
| 42 | 42 | | (b) E |
|---|
| 43 | 43 | | FFECTIVEDATE.—The amendment made by 12 |
|---|
| 44 | 44 | | this section shall apply to taxable years beginning after 13 |
|---|
| 45 | 45 | | the date of the enactment of this Act. 14 |
|---|
| 46 | 46 | | Æ |
|---|
| 47 | 47 | | VerDate Sep 11 2014 02:53 Apr 09, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1426.IH H1426 |
|---|
| 48 | 48 | | ssavage on LAPJG3WLY3PROD with BILLS |
|---|