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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
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
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 8540
Scope: US
Hi! I can help you understand HR 8540. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline