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- S.74
S.74: Dependent Care Savings Account Act of 2015
About This Bill
- Introduced Jan. 7, 2015
- Latest Major Action Jan. 7, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Dependent Care Savings Account Act of 2015 Amends the Internal Revenue Code to: (1) establish tax-exempt dependent care savings accounts to pay the employment-related expenses of caring for a dependent of the taxpayer, (2) allow a deduction from gross income (above-the-line deduction) of up to $5,000 in a taxable year for cash contributions to such accounts, (3) set forth rules for the tax treatment of account distributions and for excess...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 7, 2015 |
Read twice and referred to the Committee on Finance.
|
| Jan. 7, 2015 |
Introduced in the Senate by David Vitter (R-La.) |