PACE Act
Rep. Tenney Introduces Bipartisan PACE Act to Expand Childcare Tax Credits and Raise Savings Limits
Legislative Progress
Key Points
Impact Analysis
Personal Impact
Life & Work
Small business owners who are also parents benefit from the increased credit rate and refundability, which can lower the effective cost of childcare. Additionally, small employers offering dependent care assistance programs would see the exclusion limit rise to $7,500, making their benefit packages more competitive for recruiting and retaining workers who are parents.
“is amended by striking ``$5,000 ($2,500'' and inserting ``$7,500 (half such dollar amount''”
Programs
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
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Source Information
Document Type
Congressional Bill
Official Title
PACE Act
Data Sources
Sponsor
Cosponsors
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