Summary: H.R.640 — 103rd Congress (1993-1994)All Information (Except Text)

There is one summary for H.R.640. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/26/1993)

Family Home-Care Act of 1992 - Amends the Internal Revenue Code to allow a refundable tax credit of $10,000 per qualified dependent in the case of a taxpayer who shares a home for more than half the taxable year with a parent, grandparent, dependent, or spouse who is determined by a physician to have an impairment rendering the individual physically or mentally incapable of caring for himself or herself in the long-term. Requires allocation of such credit among multiple eligible taxpayers.