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- H.R.2553
H.R.2553: To amend the Internal Revenue Code of 1986 to make the dependent care credit refundable, and for other purposes.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Sept. 25, 1997
- Latest Major Action March 5, 1998
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
13 (13 Democrats, 1 Republican)
Bill Summary
Repeals the Internal Revenue Code's nonrefundable income tax credit for employment-related dependent care expenses, replacing it with a corresponding refundable 50 percent credit, reduced (but not below 20 percent) as the taxpayer's adjusted gross income exceeds $15,000 (adjusted for inflation). Includes within the scope of the new credit up to $1,200 ($2,400 in the case of more than one qualifying individual) of respite care expenses incurred...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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| Sept. 25, 1997 |
Introduced in the House by Constance A. Morella (R-Md.) |