,,ii  #aacth ,,congress  #ast ,session  
,s4 #agac  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #ad1 
#bjac,mr4 ,murphy introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to increase the 
dollar limitation on the exclusion for  
employer-provided dependent care        
assistance4  #a4 ,short title ,this ,act
 may be cited as the ,child ,care ,flex 
,spending ,act of #bjac4  #b4 ,increase 
in dollar limitation on exclusion for   
employer-provided dependent care        
assistance  7a7 ,in general             
,subparagraph 7,a7 of section           
#abi7;a77#b7 of the ,internal ,revenue  
,code of #aihf is amended by striking   
shall not exceed and all that follows   
and inserting the following3 shall not  
exceed-- 7i7 in the case of a taxpayer  
whose modified adjusted gross income for
 such taxable year is less than #ajj1jjj
 7twice such amount in the case of a    

joint return71 #aj1jjj 7half such amount
 in the case of a separate return by a  
married individual71 and  7ii7 in any   
other case1 #e1jjj 7half such amount in 
the case of a separate return by a      
married individual74  4  7b7 ,modified  
adjusted gross income ,paragraph 7#b7 of
 section #abi7;a7 of such ,code is      
amended by adding at the end the        
following new subparagraph3  7,d7       
,modified adjusted gross income ,for    
purposes of this paragraph1 the term    
modified adjusted gross income means the
 adjusted gross income of the taxpayer  
for the taxable year increased by any   
amount excluded from gross income under 
section #iaa1 #ica1 or #icc4  4  7c7    
,inflation adjustment ,paragraph 7#b7 of
 section #abi7;a7 of such ,code1 as     
amended by subsection 7b71 is amended by
 adding at the end the following new    
subparagraph3  7,e7 ,inflation          
adjustment ,in the case of any taxable  
year beginning in a calendar year after 
#bjad1 each dollar amount contained in  

subparagraph 7,a7 shall be increased by 
an amount equal to-- 7i7 such dollar    
amount1 multiplied by  7ii7 the         
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 determined by substituting      
calendar year #bjac for calendar year   
#aiib in subparagraph 7,b7 thereof4     
,any increase determined under the      
preceding sentence shall be rounded to  
the nearest multiple of #ej4  4  7d7    
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjac4