| Home > 106th Congressional Bills > H.R. 5603 (ih) To prohibit the importation of any textile or apparel article that is produced, manufactured, or grown in Burma. [Introduced in House] ...
H.R. 5603 (ih) To prohibit the importation of any textile or apparel article that is produced, manufactured, or grown in Burma. [Introduced in House] ...
106th CONGRESS 2d Session H. R. 5602 To amend the Internal Revenue Code of 1986 to allow a refundable credit to grandparents who provide primary child care services without compensation for their grandchildren who are not their dependents. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES October 30, 2000 Ms. DeLauro (for herself and Mr. Maloney of Connecticut) 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 allow a refundable credit to grandparents who provide primary child care services without compensation for their grandchildren who are not their dependents. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Grandchild Care Tax Relief Act of 2000''. SEC. 2. REFUNDABLE CREDIT TO GRANDPARENTS PROVIDING PRIMARY CHILD CARE FOR GRANDCHILDREN NOT THEIR DEPENDENTS. (a) In General.--Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to refundable credits) is amended by redesignating section 35 as section 36 and by inserting after section 34 the following new section: ``SEC. 35. GRANDPARENTS PROVIDING PRIMARY CHILD CARE FOR GRANDCHILDREN WHO ARE NOT THEIR DEPENDENTS. ``(a) In General.--In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to $500 with respect to each qualifying grandchild for whom the taxpayer or the spouse of the taxpayer provides, without compensation, primary child care services during the taxable year. ``(b) Qualifying Grandchild.--For purposes of this section, the term `qualifying grandchild' means any individual-- ``(1) with respect to whom the taxpayer is not allowed a deduction under section 151 with respect to such individual for the taxable year, ``(2) who has not attained the age of 16 as of the close of the calendar year in which the taxable year of the taxpayer begins, and ``(3) who is a descendent of a son, daughter, stepson, or stepdaughter of the taxpayer or is a foster child of such a descendent, son, daughter, stepson, stepdaughter. For purposes of paragraph (3), the term `foster child' means a child who is placed by an authorized placement agency. ``(c) Primary Child Care Services.--For purposes of this section, an individual provides primary child care services for a taxable year if the individual provides such services for not less than 30 hours per week for 48 weeks of the taxable year. ``(d) Special Rules.--For purposes of this section-- ``(1) Deceased spouse or former spouse.--In the case of a taxpayer whose spouse is deceased or is a former spouse of the taxpayer, subsection (b)(3) shall be applied by substituting `or deceased or former spouse of the taxpayer' after `taxpayer' each place it occurs. ``(2) Identification requirement.--No credit shall be allowed under this section to a taxpayer with respect to any qualifying grandchild unless the taxpayer includes the name and taxpayer identification number of such qualifying grandchild on the return of tax for the taxable year. ``(3) Taxable year must be full taxable year.--Except in the case of a taxable year closed by reason of the death of the taxpayer, no credit shall be allowable under this section in the case of a taxable year covering a period of less than 12 months.''. (b) Conforming Amendments.-- (1) Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting before the period ``, or from section 35 of such Code''. (2) The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking the last item and inserting the following new items: ``Sec. 35. Grandparents providing primary child care for grandchildren who are not their dependents. ``Sec. 36. Overpayments of tax.''. (c) Effective Date.-- (1) In general.--The amendments made by this section shall apply to taxable years beginning with or after the taxable year with respect to which the conditions specified in paragraph (2) are satisfied. (2) Trigger mechanism.--The conditions specified in this paragraph are the following: (A) The credit under section 21 of the Internal Revenue Code of 1986 (relating to expenses for household and dependent care services necessary for gainful employment)-- (i) is refundable, (ii) is available at a maximum level to those with an adjusted gross income limit of not less than $30,000 per year, indexed for inflation, (iii) is available at a minimal level to those with an adjusted gross income of not less than $60,000 per year, indexed for inflation, and (iv) is available to parents of infants ages 0-12 months without regard to out-of- pocket child care expenses of the parents. (B) The maximum amount of employment-related expenses that can be taken into account under section 21 of such Code is indexed for inflation. (C) The applicable percentage of expenses that are allowed under section 21 of such Code is increased to not less than 50 percent. <all>
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