Morella Would Make Dependent Care Credit Refundable
NOV. 9, 1999
H11853
DOCUMENT ATTRIBUTES
- AuthorsMorella, Rep. Constance A.
- Institutional AuthorsHouse of Representatives
- Cross-ReferenceFor text of H.R. 3282, see Doc 1999-37070 (14 original pages).
- Subject Area/Tax Topics
- Index Termslegislation, taxdependent care credit
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 1999-37054 (1 original page)
- Tax Analysts Electronic Citation1999 TNT 229-17
Citations: H11853
=============== SUMMARY ===============
Rep. Constance A. Morella, R-Md., has introduced H.R. 3282, which would make the dependent care credit refundable and limit both the creditable dollar amount and applicable percentage. The bill would limit the credit to $2,400 for one qualifying person ($4,800 for two or more persons), and reduce the maximum 50 percent credit for qualified expenses (up to a minimum of 20 percent) by 1 percentage point for every $1,000 the taxpayer's AGI exceeds $30,000.
DOCUMENT ATTRIBUTES
- AuthorsMorella, Rep. Constance A.
- Institutional AuthorsHouse of Representatives
- Cross-ReferenceFor text of H.R. 3282, see Doc 1999-37070 (14 original pages).
- Subject Area/Tax Topics
- Index Termslegislation, taxdependent care credit
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 1999-37054 (1 original page)
- Tax Analysts Electronic Citation1999 TNT 229-17