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Morella Would Make Dependent Care Credit Refundable

NOV. 9, 1999

H11853

DATED NOV. 9, 1999
DOCUMENT ATTRIBUTES
  • Authors
    Morella, Rep. Constance A.
  • Institutional Authors
    House of Representatives
  • Cross-Reference
    For text of H.R. 3282, see Doc 1999-37070 (14 original pages).
  • Subject Area/Tax Topics
  • Index Terms
    legislation, tax
    dependent care credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 1999-37054 (1 original page)
  • Tax Analysts Electronic Citation
    1999 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
  • Authors
    Morella, Rep. Constance A.
  • Institutional Authors
    House of Representatives
  • Cross-Reference
    For text of H.R. 3282, see Doc 1999-37070 (14 original pages).
  • Subject Area/Tax Topics
  • Index Terms
    legislation, tax
    dependent care credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 1999-37054 (1 original page)
  • Tax Analysts Electronic Citation
    1999 TNT 229-17
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