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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Working Parents Flexibility Act of 2017

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to provide for parent savings accounts, and for other purposes.


Actions Overview (1)

Date
05/18/2017Introduced in House

All Actions (2)

Date
05/18/2017Referred to the House Committee on Ways and Means.
Action By: House of Representatives
05/18/2017Introduced in House
Action By: House of Representatives

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Sinema, Kyrsten [D-AZ-9]* 05/18/2017
Rep. Stefanik, Elise M. [R-NY-21]* 05/18/2017

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means05/18/2017 Referred to

No related bill information was received for H.R.2533.


Subjects (8)


Latest Summary (1)

There is one summary for H.R.2533. View summaries

Shown Here:
Introduced in House (05/18/2017)

Working Parents Flexibility Act of 2017

This bill amends the Internal Revenue Code to establish a tax-exempt parental leave savings account for the care of a child, to which an individual taxpayer who has earned income from employment during the past 12 months may make tax deductible cash contributions of up to $6,750 in a taxable year and not more than an aggregate of  $24,000 for all taxable years. Taxpayers whose adjusted gross income exceeds $250,000 in a taxable year are ineligible for such a tax deduction.

The bill excludes from gross income: (1) distributions from a parental leave savings account that are made not later than one year after the birth or adoption of a child of an account holder, and (2) contributions made by an employer to the parental leave savings account of an employee.