,i #aaeth ,,congress #ast ,session ,h4 ,r4 #ghb ,,in ,,the ,,house ,,of ,,representatives ,february #a1 #bjag,mr4 ,mc,henry 7for himself and ,ms4 ,meng7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to increase the amount excluded from gross income for employer-provided dependent care assistance4 #a4 ,short title ,this ,act may be cited as the ,family ,care ,savings ,act4 #b4 ,increase in exclusion from gross income for employer-provided dependent care assistance 7a7 ,in general ,section #abi7;a77#b77;,a7 of the ,internal ,revenue ,code of #aihf is amended by striking #e1jjj 7#b1ejj and inserting #aj1jjj 7#ej percent of such amount4 7b7 ,inflation adjustment ,section #abi7;a77#b7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following3 7,d7 ,inflation adjustment ,in the case of any taxable year beginning in a calendar year after #bjag1 the #aj1jjj 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 #bjae 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 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjaf4