,,ii #aacth ,,congress #b;d ,session ,s4 #aige ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #cj1 #bjad,mrs4 ,gillibrand 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 provide an above-the-line deduction for child care expenses1 and for other purposes4 #a4 ,above-the-line deduction for child care expenses 7a7 ,in general ,part ,,vii of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by redesignating section #bbd as section #bbe1 and 7#b7 by inserting after section #bbc the following new section3 #bbd4 ,child care deduction 7a7 ,allowance of deduction ,in the case of an individual for which there are #a or more qualifying children with respect to such individual for the taxable year1 there shall be allowed as a deduction an amount equal to the employment-related expenses paid by such individual during the taxable year4 7b7 ,dollar limitations 7#a7 ,in general ,the amount allowed as a deduction under subsection 7a7 with respect to the taxpayer for any taxable year shall not exceed-- 7,a7 #g1jjj1 if there is #a qualifying child with respect to the taxpayer for such taxable year1 or 7,b7 #ad1jjj1 if there are #b or more qualifying children with respect to the taxpayer for such taxable year4 7#b7 ,adjustment for inflation ,in the case of a taxable year beginning after #bjad1 each of the dollar amounts in paragraph 7#a7 shall be increased by an amount equal to-- 7,a7 such dollar amount1 multiplied by 7,b7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which such taxable year begins1 determined by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 ,if any amount as adjusted under the preceding sentence is not a multiple of #ajj1 such amount shall be rounded to the next highest multiple of #ajj4 7c7 ,definitions and special rules ,for purposes of this section-- 7#a7 ,qualifying child ,the term qualifying child means a dependent of the taxpayer 7as defined in section #aeb7;a77#a77-- 7,a7 who has not attained age #ac1 or 7,b7 who is physically or mentally incapable of caring for himself or herself4 7#b7 ,employment-related expenses ,the term employment-related expenses has the meaning given such term by section #ba7;b77#b71 applied as if the terms qualifying child and qualifying children1 within the meaning of this section1 were substituted for the terms qualifying individual and qualifying individuals1 respectively4 7#c7 ,special rules ,rules similar to the rules of paragraphs 7#a71 7#b71 7#c71 7#d71 7#e71 7#f71 7#i71 and 7#aj7 of section #ba7;e7 shall apply4 7d7 ,denial of double benefit 7#a7 ,in general ,no deduction shall be allowed under this section for any expense with respect to which a credit is claimed by the taxpayer under section #ba4 7#b7 ,coordination rule ,for coordination with a dependent care assistance program1 see section #abi7;e77#g74 4 7b7 ,deduction allowed above-the-,line ,subsection 7a7 of section #fb of the ,internal ,revenue ,code of #aihf is amended by inserting after paragraph 7#ba7 the following new paragraph3 7#bb7 ,child care deduction ,the deduction allowed by section #bbd4 4 7c7 ,conforming amendment ,subsection 7e7 of section #bac of the ,internal ,revenue ,code of #aihf is amended by inserting 1 or as a deduction under section #bbd1 after section #ba4 7d7 ,clerical amendment ,the table of sections for part ,,vii of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by striking the item relating to section #bbd and by inserting the following new items3 ,sec4 #bbd4 ,child care deduction4,sec4 #bbe4 ,cross reference4 4 7e7 ,effective date ,the amendments made by this section shall apply to expenses paid or incurred in taxable years beginning after ,december #ca1 #bjac4