Child Care for American Families Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8540 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8540 To amend the Internal Revenue Code of 1986 to enhance the employer- provided child care credit. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 23, 2024 Mr. Kustoff (for himself, Mr. Schneider, Ms. Tenney, and Ms. Sewell) 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 enhance the employer- provided child care credit. 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 ``Child Care for American Families Act''. SEC. 2. INCREASED IN EMPLOYER-PROVIDED CHILD CARE CREDIT AMOUNT. (a) In General.--Section 45F(a)(1) of the Internal Revenue Code of 1986 is amended by striking ``25 percent'' and inserting ``the applicable percentage''. (b) Applicable Percentage.--Section 45F(a) of such Code, as ame…