Senate Bill 271
117th Congress(2021-2022)
Child and Dependent Care Tax Credit Enhancement Act of 2021
Introduced
Introduced in Senate on Feb 8, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
271
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Child and Dependent Care Tax Credit Enhancement Act of 2021
This bill modifies the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent to (1) increase to $400,000, the adjusted gross income threshold level above which the credit is incrementally reduced; (2) increase the dollar limits on the allowable amount of the credit; (3) specify rules for married couples filing separate returns; (4) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2022; and (5) make the credit refundable.
February 8, 2021
02/08/2021
Read twice and referred to the Committee on Finance.
02/08/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:46:38 PM