| 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. 413 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to index dependent care |
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| 6 | 6 | | assistance programs to inflation. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | JANUARY15, 2025 |
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| 9 | 9 | | Mrs. B |
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| 10 | 10 | | ICE(for herself, Ms. SA´NCHEZ, Mr. FEENSTRA, Ms. HOULAHAN, Mr. |
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| 11 | 11 | | M |
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| 12 | 12 | | OOLENAAR, Mr. NUNNof Iowa, Mr. TORRESof New York, and Mr. |
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| 13 | 13 | | M |
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| 14 | 14 | | AGAZINER) introduced the following bill; which was referred to the |
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| 15 | 15 | | Committee on Ways and Means |
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| 16 | 16 | | A BILL |
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| 17 | 17 | | To amend the Internal Revenue Code of 1986 to index |
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| 18 | 18 | | dependent care assistance programs to inflation. |
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| 19 | 19 | | Be it enacted by the Senate and House of Representa-1 |
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| 20 | 20 | | tives of the United States of America in Congress assembled, 2 |
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| 21 | 21 | | SECTION 1. SHORT TITLE. 3 |
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| 22 | 22 | | This Act may be cited as the ‘‘Combating High Infla-4 |
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| 23 | 23 | | tion Limiting Daycare Act of 2025’’ or the ‘‘CHILD Act 5 |
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| 24 | 24 | | of 2025’’. 6 |
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| 25 | 25 | | VerDate Sep 11 2014 00:48 Feb 08, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H413.IH H413 |
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| 26 | 26 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 27 | 27 | | •HR 413 IH |
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| 28 | 28 | | SEC. 2. INCREASED MAXIMUM CONTRIBUTION TO DEPEND-1 |
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| 29 | 29 | | ENT CARE ASSISTANCE PROGRAMS. 2 |
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| 30 | 30 | | (a) I |
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| 31 | 31 | | NGENERAL.—Section 129(a)(2)(A) of the Inter-3 |
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| 32 | 32 | | nal Revenue Code of 1986 is amended by striking ‘‘$5,000 4 |
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| 33 | 33 | | ($2,500’’ and inserting ‘‘$10,000 ($5,000’’. 5 |
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| 34 | 34 | | (b) C |
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| 35 | 35 | | OST-OF-LIVINGADJUSTMENT.—Section 129 of 6 |
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| 36 | 36 | | such Code is amended by adding at the end the following 7 |
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| 37 | 37 | | new subsection: 8 |
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| 38 | 38 | | ‘‘(f) I |
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| 39 | 39 | | NFLATIONADJUSTMENT.— 9 |
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| 40 | 40 | | ‘‘(1) I |
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| 41 | 41 | | N GENERAL.—Each dollar amount in this 10 |
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| 42 | 42 | | section shall be increased by an amount equal to— 11 |
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| 43 | 43 | | ‘‘(A) such dollar amount, multiplied by 12 |
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| 44 | 44 | | ‘‘(B) the cost-of-living adjustment deter-13 |
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| 45 | 45 | | mined under section 1(f)(3) for the calendar 14 |
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| 46 | 46 | | year in which such taxable year begins, deter-15 |
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| 47 | 47 | | mined by substituting ‘calendar year 2023’ for 16 |
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| 48 | 48 | | ‘calendar year 2016’ in subparagraph (A)(ii) 17 |
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| 49 | 49 | | thereof. 18 |
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| 50 | 50 | | ‘‘(2) R |
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| 51 | 51 | | OUNDING.—If any increase under para-19 |
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| 52 | 52 | | graph (1) is not a multiple of $50, such increase 20 |
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| 53 | 53 | | shall be rounded to the nearest multiple of $50.’’. 21 |
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| 54 | 54 | | (c) R |
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| 55 | 55 | | EMOVINGDEADWOOD.—Section 129(a)(2) of 22 |
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| 56 | 56 | | such Code is amended by striking subparagraph (D). 23 |
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| 57 | 57 | | VerDate Sep 11 2014 00:48 Feb 08, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H413.IH H413 |
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| 58 | 58 | | ssavage on LAPJG3WLY3PROD with BILLS 3 |
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| 59 | 59 | | •HR 413 IH |
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| 60 | 60 | | (d) EFFECTIVEDATE.—The amendments made by 1 |
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| 61 | 61 | | this section shall apply to calendar years beginning after 2 |
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| 62 | 62 | | December 31, 2024. 3 |
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| 63 | 63 | | Æ |
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| 64 | 64 | | VerDate Sep 11 2014 00:48 Feb 08, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H413.IH H413 |
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| 65 | 65 | | ssavage on LAPJG3WLY3PROD with BILLS |
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