H.R.4748: To amend the Internal Revenue Code of 1986 to modify and make refundable the credit for expenses for household and dependent care services necessary for gainful employment.

About This Bill

Bill Cosponsors

2 (All Republicans)

Bill Summary

Amends the Internal Revenue Code to revise the tax credit for household and dependent care services necessary for gainful employment by: (1) allowing a credit amount of $3,000 for each qualifying individual; (2) increasing to $125,000 the adjusted gross income threshold amount at which credit amounts are reduced; (3) providing for an inflation adjustment to such credit and threshold amounts; and (4) making the credit refundable.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
June 25, 2004

Introduced in the House by Jon Christopher Porter (R-Nev.)

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