S. 3787 · 118th Congress
Right Start Child Care and Education Act of 2024
- Stage
- In committee
- Sponsor
- Jeanne Shaheen
- Introduced
- 2024-02-08
- Latest action
- 2024-04-10 · Committee on Small Business and Entrepreneurship. Hearings held.
Summary
Right Start Child Care and Education Act of 2024
This bill increases or allows new child care tax credits and increases the tax exclusion for employer-provided dependent care assistance.
Specifically, the bill doubles the rate and the maximum allowable amount of the employer-provided child care credit. It also allows an additional increase for certain small businesses.
The bill allows a new three-year tax credit for individuals who hold child care-related educational degrees and who work in licensed child care facilities.
The bill increases the tax exclusion for employer-provided dependent care assistance.