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S. 3208

Access to Childcare Expansion Act

Access to Childcare Expansion Act or the ACE Act

This bill amends the Internal Revenue Code, with respect to the tax credit for expenses for household and dependent care services necessary for gainful employment (known as the Child and Dependent Care Tax Credit), to: (1) make the credit refundable, (2) increase the rate for the credit, and (3) require the dollar amounts of such credit to be adjusted for inflation after 2016.

Read twice and referred to the Committee on Finance.

Sen. King, Angus S., Jr. [I-ME](I-ME)Sponsor
1committees2actions4related bills3subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Access to Childcare Expansion Act — Informed