I
110th CONGRESS
1st Session
H. R. 1911
IN THE HOUSE OF REPRESENTATIVES
April 18, 2007
Mr. Donnelly introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to modify the credit for expenses for household and dependent care services necessary for gainful employment.
Short title
This Act may be cited as the Tax
Relief for Working Caregivers Act of 2007
.
Modification of credit for expenses for household and dependent care services necessary for gainful employment
Increased phaseout threshold
Paragraph
(2) of section 21(a) of the Internal Revenue Code of 1986 (defining applicable
percentage) is amended by striking $15,000
and inserting
$75,000
.
Credit allowed for costs incurred To care for parents and grandparents who do not live with the taxpayer
In general
Paragraph (1) of section 21(b) of the Internal Revenue
Code of 1986 (relating to qualifying individual) is amended by striking
or
at the end of subparagraph (B), by striking the period at the
end of subparagraph (C) and inserting , or
, and by adding at the
end the following new subparagraph:
a dependent of the taxpayer (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B)) who is the father or mother of the taxpayer (or an ancestor of such father or mother) and who is physically or mentally incapable of caring for himself or herself.
.
Conforming amendment
Section 21(b)(1)(B)
of such Code is amended by inserting (other than a dependent described
in subparagraph (D))
after and (d)(1)(B))
.
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2007.