Small Business and Entrepreneurship Committee, Finance Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Right Start Child Care and Education Act of 2024 This bill increases or allows new child care tax credits and increases the tax exclusion for employer-provided dependent care assistance. Specifically, the bill doubles the rate and the maximum allowable amount of the employer-provided child care credit. It also allows an additional increase for certain small businesses. The bill allows a new three-year tax credit for individuals who hold child care-related educational degrees and who work in licensed child care facilities. The bill increases the tax exclusion for employer-provided dependent care assistance.
Read twice and referred to the Committee on Finance.
Committee on Small Business and Entrepreneurship. Hearings held.
Taxation
Child care and developmentEmployee benefits and pensionsIncome tax creditsIncome tax exclusionTeaching, teachers, curricula
Right Start Child Care and Education Act of 2024
USA118th CongressS-3787| Senate
| Updated: 4/10/2024
Right Start Child Care and Education Act of 2024 This bill increases or allows new child care tax credits and increases the tax exclusion for employer-provided dependent care assistance. Specifically, the bill doubles the rate and the maximum allowable amount of the employer-provided child care credit. It also allows an additional increase for certain small businesses. The bill allows a new three-year tax credit for individuals who hold child care-related educational degrees and who work in licensed child care facilities. The bill increases the tax exclusion for employer-provided dependent care assistance.