,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #acg  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #af1 #bjai,mrs4
 ,%ahe5 7= h]self1 ,mrs4 ,gillibr&1 ,ms4
 ,klobu*>1 & ,mr4 ,s*atz7 introduc$ !   
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to increase ! cr$it = employ]s    
e/abli%+ workplace *ild c>e facilities1 
to increase ! *ild c>e cr$it to enc\rage
 great] use ( quality *ild c>e s]vices1 
to provide inc5tives = /ud5ts to e>n    
*ild c>e-relat$ degrees & to "w 9 *ild  
c>e facilities1 & to increase !         
exclusion = employ]-provid$ dep5d5t c>e 
assi/ance4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,"r ,/>t ,*ild ,c>e &   
,education ,act ( #bjai4  #b4 ,increase 
9 employ]-provid$ *ild c>e cr$it  7a7   
,increase 9 cr$itable p]c5tage ( *ild   
c>e exp5ditures ,p>agraph 7#a7 ( section
 #de;,f7a7 ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ by /rik+ #be p]c5t &     
ins]t+ #ce p]c5t4  7b7 ,increase 9      

cr$itable p]c5tage ( res\rce & ref]ral  
exp5ditures ,p>agraph 7#b7 ( section    
#de;,f7a7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by /rik+ #aj p]c5t &     
ins]t+ #bj p]c5t4  7c7 ,increase 9      
maximum cr$it ,subsection 7b7 ( section 
#de;,f ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$ by /rik+ #aej1jjj &      
ins]t+ #bbe1jjj4  7d7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to taxable ye>s beg9n+ aft] ,decemb]   
#ca1 #bjah4  #c4 ,increase 9 dep5d5t c>e
 cr$it  7a7 ,increase 9 incomes eligible
 = full cr$it ,p>agraph 7#b7 ( section  
#ba7;a7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$ by /rik+ #ae1jjj & ins]t+
 #cj1jjj4  7b7 ,increase 9 p]c5tage (   
exp5ses all[able ,p>agraph 7#b7 (       
section #ba7;a7 ( ! ,int]nal ,rev5ue    
,code ( #aihf is am5d$--  7#a7 by /rik+ 
#ce p]c5t & ins]t+ #ej p]c5t1 &  7#b7 by
 /rik+ #bj p]c5t & ins]t+ #ce p]c5t4    
7c7 ,increase 9 doll> limit on am\nt    
cr$itable ,subsection 7c7 ( section #ba 
( ! ,int]nal ,rev5ue ,code ( #aihf is   

am5d$--  7#a7 by /rik+ #c1jjj 9 p>agraph
 7#a7 & ins]t+ #f1jjj1 &  7#b7 by /rik+ 
#f1jjj 9 p>agraph 7#b7 & ins]t+ #ab1jjj4
  7d7 ,cr$it ,to be refundable  7#a7 ,9 
g5]al ,! ,int]nal ,rev5ue ,code ( #aihf 
is am5d$-- 7,a7 by r$esignat+ section   
#ba z section #cf;,c1 &  7,b7 by mov+   
section #cf;,c1 z s r$esignat$1 f subp>t
 ,a ( "p ,,iv ( sub*apt] ,a ( *apt] #a  
to ! location imm$iately be=e section   
#cg 9 subp>t ,c ( "p ,,iv ( sub*apt] ,a 
( *apt] #a4  7#b7 ,te*nical am5dm5ts    
7,a7 ,p>agraph 7#a7 ( section #bc7;f7 ( 
su* ,code is am5d$ by /rik+ #ba7;e7 &   
ins]t+ #cf;,c7e74  7,b7 ,p>agraph 7#f7 (
 section #ce7;g7 ( su* ,code is am5d$ by
 /rik+ #ba7;e7 & ins]t+ #cf;,c7e74  7,c7
 ,p>agraph 7#a7 ( section #cf;,c7a7 (   
su* ,code 7z r$esignat$ by p>agraph     
7#a77 is am5d$ by /rik+ ?is *apt] &     
ins]t+ ?is subtitle4  7,d7 ,subp>agraph 
7,c7 ( section #abi7;a77#b7 ( su* ,code 
is am5d$ by /rik+ section #ba7;e7 &     
ins]t+ section #cf;,c7e74  7,e7         
,p>agraph 7#b7 ( section #abi7;b7 ( su* 

,code is am5d$ by /rik+ section         
#ba7;d77#b7 & ins]t+ section            
#cf;,c7d77#b74  7,f7 ,p>agraph 7#a7 (   
section #abi7;e7 ( su* ,code is am5d$ by
 /rik+ section #ba7;b77#b7 & ins]t+     
section #cf;,c7b77#b74  7,g7 ,subsection
 7e7 ( section #bac ( su* ,code is am5d$
 by /rik+ section #ba & ins]t+ section  
#cf;,c4  7,h7 ,subp>agraph 7,h7 (       
section #fbac7;g77#b7 ( su* ,code is    
am5d$ by /rik+ section #ba & ins]t+     
section #cf;,c4  7,i7 ,subp>agraph 7,l7 
( section #fbac7;g77#b7 ( su* ,code is  
am5d$ by /rik+ section #ba1 #bd1 or #cb 
& ins]t+ section #bd1 #cb1 or #cf;,c4   
7,j7 ,p>agraph 7#b7 ( section #acbd7;b7 
( title #ca1 ,unit$ ,/ates ,code1 is    
am5d$ by ins]t+ #cf;,c1 aft] #cf;,b14   
7,k7 ,! table ( sections = subp>t ,c (  
"p ,,iv ( sub*apt] ,a ( *apt] #a ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] ! item relat+ to section 
#cf;,b ! foll[+3  ,sec4 #cf;,c4 ,exp5ses
 = h\sehold & dep5d5t c>e s]vices       
necess>y = ga9ful employm5t4  4  7,l7 ,!

 table ( sections = subp>t ,a ( su* "p  
,,iv is am5d$ by /rik+ ! item relat+ to 
section #ba4  7e7 ,effective date ,!    
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjah4  #d4 #c-ye> cr$it =         
individuals hold+ *ild c>e-relat$       
degrees :o "w 9 lic5s$ *ild c>e         
facilities  7a7 ,9 g5]al ,subp>t ,a ( "p
 ,,iv ( sub*apt] ,a ( *apt] #a ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #be;,d ! foll[+  
new section3  #be;,e4 ,"r />t *ild c>e &
 education cr$it  7a7 ,all[ance ( cr$it 
,9 ! case ( an individual :o is an      
eligible *ild c>e provid] = ! taxable   
ye>1 !re %all be all[$ z a cr$it aga9/ !
 tax impos$ by ?is *apt] = ! taxable ye>
 ! am\nt ( #b1jjj4  7b7 #c-,ye> cr$it   
7#a7 ,9 g5]al ,! cr$it all[able by      
subsection 7a7 = any taxable ye> to an  
individual %all be all[$ = su* ye> only 
if ! individual elects ! application (  
?is section = su* ye>4  7#b7 ,election  
,an election to h ?is section apply may 

n be made by an individual = any taxable
 ye> if su* an election by su*          
individual is 9 effect = any #c prior   
taxable ye>s4  7c7 ,eligible *ild c>e   
provid] ,= purposes ( ?is section-- 7#a7
 ,9 g5]al ,! t]m eligible *ild c>e      
provid] means1 = any taxable ye>1 any   
individual if--  7,a7 z ( ! close ( su* 
taxable ye>1 su* individual holds a     
ba*elor's degree 9 e>ly *ildhood        
education1 *ild c>e1 or a relat$ degree 
& su* degree 0 aw>d$ by an eligible     
educational in/itution 7z def9$ 9       
section #be;,a7f77#b771 &  7,b7 dur+ su*
 taxable ye>1 su* individual p]=ms at   
lea/ #a1bjj h\rs ( *ild c>e s]vices at a
 facility if--  7i7 ! pr9cipal use ( !  
facility is to provide *ild c>e s]vices1
  7ii7 no m ?an #be p]c5t ( ! *ildr5    
receiv+ *ild c>e s]vices at ! facility  
are *ildr5 7z def9$ 9 section #aeb7;f77 
( ! individual or su* individual's      
sp\se1 &  7iii7 ! facility meets !      
requirem5ts ( all applicable laws &     
regulations ( ! ,/ate or local gov]nm5t 

9 :i* x is locat$1 includ+ ! lic5s+ ( ! 
facility z a *ild c>e facility4         
,subp>agraph 7,b77i7 %all n apply to a  
facility :i* is ! pr9cipal resid5ce 7)9 
! mean+ ( section #aba7 ( ! op]ator ( ! 
facility4  7#b7 ,*ild c>e s]vices ,! t]m
 *ild c>e s]vices means *ild c>e & e>ly 
*ildhood education4  4  7b7 ,cl]ical    
am5dm5t ,! table ( sections = subp>t ,a 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] ! item relat+ to section 
#be;,d ! foll[+ new item3 ,sec4 #be;,e4 
,"r ,/>t ,*ild ,c>e & ,education        
,cr$it44  7c7 ,effective date ,!        
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjah4  #e4 ,increase 9 exclusion =
 employ]-provid$ dep5d5t c>e assi/ance  
7a7 ,9 g5]al ,subp>agraph 7,a7 ( section
 #abi7;a77#b7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by /rik+ #e1jjj       
7#b1ejj & ins]t+ #g1ejj 7#c1gej4  7b7   
,effective date ,! am5dm5t made by ?is  
section %all apply to taxable ye>s      

beg9n+ aft] ,decemb] #ca1 #bjah4