1. Short title
This Act may be cited as the “Support Working Parents Act of 2013”.
Support Working Parents Act of 2013
A BILL
To amend the Internal Revenue Code of 1986 to repeal the phasedown of the credit percentage for the dependent care tax credit.
2. Repeal of phasedown of credit percentage for dependent care credit
In general— Subsection (a) of section 21 of the Internal Revenue Code of 1986 (relating to expenses for household and dependent care services necessary for gainful employment) is amended to read as follows:
“(a) Allowance of Credit—In the case of an individual for which there are 1 or more qualifying individuals with respect to such individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 35 percent of the employment-related expenses paid by such individual during the taxable year.”
Effective Date— The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.