Child and Dependent Care Tax Credit Improvement Act of 2017
This bill amends the Internal Revenue Code, with respect to the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent, to: (1) increase to $126,000, the adjusted gross income threshold level above which such credit is incrementally reduced; (2) increase the dollar limit on the allowable amount of such credit; (3) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2018; and (4) make such credit refundable.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-04-28 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2017-04-28 | IntroReferral | Introduced in House | Library of Congress |