S. 3787IntroducedTAXATION
Right Start Child Care and Education Act of 2024
Child care and development · Employee benefits and pensions · Income tax credits
Key facts
Introduced: Feb 8, 2024
Chamber: Senate
Cosponsors: 3
Congress: 118th
Latest action · Apr 10, 2024
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 118-384.
Summary
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.
Summary by Congressional Research Service.
Timeline
- Apr 10, 2024Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 118-384.
- Feb 8, 2024Read twice and referred to the Committee on Finance.
- Feb 8, 2024Introduced in Senate
Cosponsors
In the News
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