HR 8540 United States House · 118th Congress

Child Care for American Families Act

This bill increases the federal tax credit for employers providing child care by raising the base credit percentage from 25% to 40% of eligible expenses. It creates tiered rates: 50% for small businesses (with 500 or fewer employees annually) and 60% for facilities in designated census tracts. The credit is capped at $1.2 million per employer annually, with total eligible expenses limited to $2 million. It also requires the Treasury Department to launch a public awareness campaign within one year to inform eligible employers about the credit and filing procedures.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 23, 2024 Last action May 23, 2024
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Full legislative history

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Total actions
2
Key actions
0
Committee
1
May 23, 2024
Committee
Referred to the House Committee on Ways and Means.
lower
May 23, 2024
Introduced
Introduced in House
lower
1 primary · 5 co-sponsors

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