S.Amdt. 2832
What it does: Adds SEC. ___. ELIMINATION OF CHILD CARE SUBSIDIES FOR HIGH-INCOME INDIVIDUALS wherever appropriate
Sen. Tom Coburn (R-OK)What it changes
1 change to S. 1086
Adds SEC. ___. ELIMINATION OF CHILD CARE SUBSIDIES FOR HIGH-INCOME INDIVIDUALS wherever appropriate
Adds a sectionInserted: SEC. ___. ELIMINATION OF CHILD CARE SUBSIDIES FOR HIGH-INCOME INDIVIDUALS.
Inserted: (a) Internal Revenue Code.--
Inserted: (1) No household and dependent care credit for high-income individuals.--Section 21 of the Internal Revenue Code of 1986 is amended by redesignating subsection (f) as subsection (g) and by inserting after subsection (e) the following new subsection:
Inserted: "(f) No Credit for High-income Individuals.--No credit shall be allowed under this section for any taxable year with respect to any taxpayer with an adjusted gross income equal to or greater than $250,000 for such taxable year.".
Inserted: (2) No dependent care assistance programs for high-income individuals.--Section 129(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
Inserted: "(3) No exclusion for high-income individuals.--No exclusion shall be allowed by reason of this section for any taxable year with respect to any taxpayer with an adjusted gross income equal to or greater than $250,000 for such taxable year.".
Inserted: (3) Effective date.--The amendments made by this subsection shall apply to taxable years beginning after the date of the enactment of this Act.
Inserted: (b) Federal Payments.--
Inserted: (1) No child care subsidies for high-income individuals.--Notwithstanding any other provision of law, no Federal funds may be used to make payments relating to child care or child care services for any individual whose adjusted gross income in the preceding year was equal to or greater than $250,000.
Inserted: (2) Effective date.--The prohibition under this subsection shall apply to any payments made on or after the date of the enactment of this Act.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2832. Mr. COBURN submitted an amendment intended to be proposed by him to the bill S. 1086, to reauthorize and improve the Child Care and Development Block Grant Act of 1990, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. ___. ELIMINATION OF CHILD CARE SUBSIDIES FOR HIGH-INCOME INDIVIDUALS.
(a) Internal Revenue Code.--
(1) No household and dependent care credit for high-income individuals.--Section 21 of the Internal Revenue Code of 1986 is amended by redesignating subsection (f) as subsection (g) and by inserting after subsection (e) the following new subsection:
“(f) No Credit for High-income Individuals.--No credit shall be allowed under this section for any taxable year with respect to any taxpayer with an adjusted gross income equal to or greater than $250,000 for such taxable year.”.
(2) No dependent care assistance programs for high-income individuals.--Section 129(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(3) No exclusion for high-income individuals.--No exclusion shall be allowed by reason of this section for any taxable year with respect to any taxpayer with an adjusted gross income equal to or greater than $250,000 for such taxable year.”.
(3) Effective date.--The amendments made by this subsection shall apply to taxable years beginning after the date of the enactment of this Act.
(b) Federal Payments.--
(1) No child care subsidies for high-income individuals.--Notwithstanding any other provision of law, no Federal funds may be used to make payments relating to child care or child care services for any individual whose adjusted gross income in the preceding year was equal to or greater than $250,000.
(2) Effective date.--The prohibition under this subsection shall apply to any payments made on or after the date of the enactment of this Act.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
Senate amendment submitted
March 12, 2014