,,ii #aahth ,,congress #b;d ,session ,s4 #cghg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #h 7legislative day1 ,february #g71 #bjbd,mrs4 ,shaheen 7for herself1 ,mr4 ,king1 ,ms4 ,klobuchar1 and ,mrs4 ,gillibrand7 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 credit for employers establishing workplace child care facilities1 to increase the child care credit to encourage greater use of quality child care services1 to provide incentives for students to earn child care-related degrees and to work in child care facilities1 and to increase the exclusion for employer-provided dependent care assistance4 #a4 ,short title ,this ,act may be cited as the ,right ,start ,child ,care and ,education ,act of #bjbd4 #b4 ,increase in employer-provided child care credit 7a7 ,increase in creditable percentage of child care expenditures ,paragraph 7#a7 of section #de;,f7a7 of the ,internal ,revenue ,code of #aihf is amended by striking #be percent and inserting #ej percent4 7b7 ,increase in creditable percentage of resource and referral expenditures ,paragraph 7#b7 of section #de;,f7a7 of the ,internal ,revenue ,code of #aihf is amended by striking #aj percent and inserting #bj percent4 7c7 ,increase in maximum credit ,subsection 7b7 of section #de;,f of the ,internal ,revenue ,code of #aihf is amended by striking #aej1jjj and inserting #ejj1jjj4 7d7 ,special rule for small businesses ,section #de;,f7e7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new paragraph3 7#d7 ,small businesses 7,a7 ,in general ,in the case of a taxpayer described in subparagraph 7,b7-- 7i7 subsection 7a77#a7 shall be applied by substituting #fj percent for #ej percent1 and 7ii7 subsection 7b7 shall be applied by substituting #fjj1jjj for #ejj1jjj4 7,b7 ,taxpayer described ,a taxpayer described in this subparagraph is a taxpayer that meets the gross receipts test of section #ddh7;c71 determined-- 7i7 by substituting #e-taxable-year for #c-taxable-year in paragraph 7#a7 thereof1 and 7ii7 by substituting #e-year for #c-year each place such term appears in paragraph 7#c77;,a7 thereof4 4 7e7 ,treatment of jointly owned or operated childcare facility ,section #de;,f7c77#a7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subparagraph3 7,c7 ,jointly owned or operated childcare facility ,for purposes of subparagraph 7,a77i77,i71 a facility shall not fail to be treated as a qualified childcare facility of the taxpayer merely because such facility is jointly owned or operated by the taxpayer and other persons4 4 7f7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjbd4 #c4 #c-year credit for individuals holding child care-related degrees who work in licensed child care facilities 7a7 ,in general ,subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by inserting after section #cf;,b the following new section3 #cf;,c4 ,right start child care and education credit 7a7 ,in general ,in the case of an individual who is an eligible child care provider for the taxable year1 there shall be allowed as a credit against the tax imposed by this chapter for the taxable year the amount of-- 7#a7 #d1jjj1 in the case of an eligible child care provider with a degree described in subsection 7c77#a77;,a77i71 and 7#b7 #b1ejj1 in any other case4 7b7 #c-,year credit 7#a7 ,in general ,the credit allowable by subsection 7a7 for any taxable year to an individual shall be allowed for such year only if the individual elects the application of this section for such year4 7#b7 ,election ,an election to have this section apply may not be made by an individual for any taxable year if such an election by such individual is in effect for any #c prior taxable years4 7c7 ,eligible child care provider ,for purposes of this section-- 7#a7 ,in general ,the term eligible child care provider means1 for any taxable year1 any individual if-- 7,a7 as of the close of such taxable year1 such individual holds-- 7i7 a bachelor's degree1 or 7ii7 an associate's degree1 in early childhood education1 child care1 or a related degree1 and such degree was awarded by an eligible educational institution 7as defined in section #be;,a7f77#b771 and 7,b7 during such taxable year1 such individual performs at least #a1bjj hours of child care services at a facility if-- 7i7 the principal use of the facility is to provide child care services1 7ii7 no more than #be percent of the children receiving child care services at the facility are children 7as defined in section #aeb7;f77 of the individual or such individual's spouse1 and 7iii7 the facility meets the requirements of all applicable laws and regulations of the ,state or local government in which it is located1 including the licensing of the facility as a child care facility4 ,subparagraph 7,b77i7 shall not apply to a facility which is the principal residence 7within the meaning of section #aba7 of the operator of the facility4 7#b7 ,child care services ,the term child care services means child care and early childhood education4 4 7b7 ,conforming amendments 7#a7 ,section #fbaa7;b77#d77;,a7 of the ,internal ,revenue ,code of #aihf is amended by inserting 1 #cf;,c after #cf;,b4 7#b7 ,paragraph 7#b7 of section #acbd7;b7 of title #ca1 ,united ,states ,code1 is amended by inserting 1 #cf;,c after #cf;,b4 7c7 ,clerical amendment ,the table of sections for subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by inserting after the item relating to section #cf;,b the following new item3 ,sec4 #cf;,c4 ,right start child care and education credit4 4 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjbd4 #d4 ,increase in exclusion 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 the applicable limitation amount 7half such amount4 7b7 ,conforming amendment ,section #abi7;a77#b7 of the ,internal ,revenue ,code of #aihf is amended by striking subparagraph 7,d7 and by inserting after subparagraph 7,c7 the following new subparagraph3 7,d7 ,applicable limitation amount ,for purposes of this paragraph1 the term applicable limitation amount means the amount that is the sum of-- 7i7 #aj1jjj1 and 7ii7 #b1jjj for each individual described in subparagraph 7,a7 or 7,b7 of section #ba7;b77#a7 with respect to the taxpayer4 4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjbd4