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118th Congress Taxation

H.R. 4571: Child Care Investment Act of 2023

Introduced

  1. Introduced (completed)Jul 12, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jul 12, 2023

This bill increases the employer-provided child care tax credit, the amount excludable from gross income for dependent care flexible spending accounts, and makes the household and dependent care tax credit refundable.

Among other provisions, the bill increases the rate of the employer-provided child care tax credit from 25% to 50% and increases the maximum credit amount from $150,000 to $500,000. It also increases (1) the pre-tax deduction for dependent care flexible spending accounts from $5,000 to $10,000, plus an additional $2,000 for each eligible dependent; and (2) the rate of the household and dependent care tax credit and makes such credit refundable.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

45

Bipartisan support.

Who scored on this bill

12 points earned
  1. 1Salud Carbajal D-CA SponsorDrew cross-party cosponsors, introduced, reached a cosponsor milestone3 events+12
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Salud Carbajal

History

  1. Jul 12, 2023Introduced in the House by Salud Carbajal.
Show the full action history (2 actions)
  1. Jul 12, 2023Introduced in House
  2. Jul 12, 2023Referred to the House Committee on Ways and Means.