Home > Legislation > 115th Congress > H.R.3632

H.R.3632 - PACE Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Yoder, Kevin [R-KS-3] (Introduced 07/28/2017)
Committees: House - Ways and Means
Latest Action: House - 07/28/2017 Referred to the House Committee on Ways and Means.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

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Summary: H.R.3632 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3632. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/28/2017)

Promoting Affordable Childcare for Everyone Act or the PACE Act

This bill amends the Internal Revenue Code, with respect to the tax credit for expenses for household and dependent care services necessary for gainful employment (known as the Child and Dependent Care Tax Credit), to: (1) make the credit refundable, (2) increase the rate for the credit, and (3) require the dollar amounts for such credit to be adjusted for inflation after 2017.

The bill also increases the amount of employer-provided dependent care assistance which may be excluded from the gross income of an employee and requires the increased exclusion amount to be adjusted for inflation after 2018.