HR 4397 · 112th Congress · Taxation

Child Care Affordability Act of 2012

Introduced 2012-04-18· Sponsored by Rep. Maloney, Carolyn B. [D-NY-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2012-04-18)

Plain Language Summary

[AI summary unavailable — showing source text] Child Care Affordability Act of 2012 - Amends the Internal Revenue Code to: (1) allow a tax deduction for expenses paid for household and dependent care services necessary for gainful employment, (2) increase the dollar limitation on the tax credit for such expenses, (3) provide for an inflation adjustment beginning after 2013 to the dollar amounts for such tax deduction and tax credit, and (4) make such tax credit refundable.…

Summarized by Claude AI · Non-partisan · For informational purposes only