S.2148 - Working Family Child Care Tax Relief Act of 1996104th Congress (1995-1996)
|Sponsor:||Sen. Harkin, Tom [D-IA] (Introduced 09/27/1996)|
|Committees:||Senate - Finance|
|Latest Action:||09/27/1996 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.2148 — 104th Congress (1995-1996)All Bill Information (Except Text)
Introduced in Senate (09/27/1996)
Working Family Child Care Tax Relief Act of 1996 - Amends the Internal Revenue Code with respect to the child and dependent care credit to: (1) increase such credit and make it refundable; and (2) provide it with an income-based phaseout and limitation.
Eliminates the foreign earned income exclusion as of a specified date. Allows an exclusion for overseas qualified elementary and secondary schooling expenses.