Bill118th CongressFiled Feb 16, 2024Taxation
H.R. 7407
Small Business Dependent Care FSA Opportunity Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Feb 16, 2024)
Small Business Dependent Care FSA Opportunity Act
This bill allows certain small employers (employers with no more than 100 employees who received $5,000 in compensation from an employer) a new three-year tax credit for the startup costs of dependent care flexible spending plans. The amount of the credit is equal to the greater of $500 or the lesser of $250 for each eligible employee, or $5,000.
What just happenedFeb 16, 2024
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Smith, Adrian [R-NE-3](R-NE)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees3actions
- Introduced in HouseFeb 16, 2024
- Feb 16, 2024IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 16, 2024IntroReferralIntro-H
Introduced in House
- Feb 16, 2024IntroReferral1000
Introduced in House