H.R.4867 - Working Families Relief Act114th Congress (2015-2016)
|Sponsor:||Rep. Kelly, Mike [R-PA-3] (Introduced 03/23/2016)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/23/2016 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4867 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (03/23/2016)
Working Families Relief Act
This bill amends the Internal Revenue Code to increase and expand tax incentives for employer-provided dependent care assistance.
The bill increases the limit on the amount excludible from the gross income of an employee for employer-provided dependent care assistance and requires annual inflation adjustments to such increased limit after 2017.
The bill also establishes tax credits for: (1) small employer dependent care assistance program start-up costs, and (2) employer matching contributions for dependent care assistance programs.