H.R. 1978 — Introduced in House

I 113th CONGRESS 1st Session H. R. 1978 IN THE HOUSE OF REPRESENTATIVES May 14, 2013 Ms. Schwartz (for herself and Mr. Kind) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the phasedown of the credit percentage for the dependent care tax credit. 1. Short title This Act may be cited as the Support Working Parents Act of 2013. 2. Repeal of phasedown of credit percentage for dependent care credit (a) In general Subsection (a) of section 21 of the Internal Revenue Code of 1986 (relating to expenses for household and dependent care services necessary for gainful employment) is amended to read as follows: (a) Allowance of Credit In the case of an individual for which there are 1 or more qualifying individuals with respect to such individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 35 percent of the employment-related expenses paid by such individual during the taxable year. . (b) Effective Date The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.