,,ii  #aafth ,,congress  #ast ,session  
,s4 #bbcj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bc1     
#bjai,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 #bjai4  #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 the greater of-- 7i7 #e1jjj1 or  
7ii7 #aj1jjj1 reduced 7but not below    
zero7 by #e cents for each dollar 7or   
fraction thereof7 by which the          

employee's earned income for the taxable
 year exceeds #ej1jjj4  ,in the case of 
a separate return by a married          
individual1 the amount determined under 
the preceding sentence shall be reduced 
by one-half4 4  7b7 ,inflation          
adjustment ,paragraph 7#b7 of section   
#abi7;a7 of the ,internal ,revenue ,code
 of #aihf is amended by adding at the   
end the following new subparagraph3     
7,d7 ,inflation adjustment ,in the case 
of any taxable year beginning in a      
calendar year after #bjbj1 the #e1jjj   
and #aj1jjj amounts contained in        
subparagraph 7,a7 shall each 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 #bjai for calendar year   
#bjaf in subparagraph 7,a77ii7 thereof4 
,any increase determined under the      
preceding sentence shall be rounded to  

the nearest multiple of #ej4  4  7c7    
,employer safe harbor for reporting ,the
 ,secretary of the ,treasury 7or the    
,secretary's delegate7 shall promulgate 
regulations or other guidance to assist 
an employer in determining1 for purposes
 of section #cdja7;a77#ah7 of the       
,internal ,revenue ,code of #aihf1 the  
amount 7if any7 in excess of #e1jjj     
which it is reasonable to believe an    
employee will be able to exclude under  
section #abi of such ,code4  7d7        
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjai4