H.R. 3292 (105th): Investment in Children Act of 1998

Feb 26, 1998 (105th Congress, 1997–1998)
Died (Referred to Committee)
Barbara Kennelly
Representative for Connecticut's 1st congressional district
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Last Updated
Feb 26, 1998
23 pages

This bill was introduced on February 26, 1998, in a previous session of Congress, but was not enacted.

Introduced Feb 26, 1998
Referred to Committee Feb 26, 1998
Full Title

To amend the Internal Revenue Code of 1986 to increase the credit for dependent care services necessary for gainful employment and to provide an equivalent benefit for families where one parent stays at home to provide childcare for a child under the age of 4 and to amend the Social Security Act to provide grants to States to improve the quality and availability of child care, and for other purposes.


No summaries available.

20 cosponsors (20D) (show)

House Education and the Workforce

House Ways and Means

Human Resources

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Investment in Children Act of 1998 - Amends the Internal Revenue Code (IRC) to increase the credit for dependent care services necessary for gainful employment. Provides for an "increased dependent care credit equivalent amount" (as defined) if the taxpayer has a child under the age of four, but only if the taxpayer elects not to use the credit for dependent care services necessary for gainful employment.
Section 3 -
Allows for an employer-provided child care credit of up to 25 percent of qualified child care expenditures (not to exceed $150,000), which can include the costs of acquiring or expanding property to be used as a qualified day care facility.
Section 4 -
Amends part A ( Block Grants to States for Temporary Assistance for Needy Families) of title IV of the Social Security Act to provide for grants to States: (1) to improve the quality and safety of child care; (2) for the provision of child care assistance for low-income working families; and (3) for the provision of child care services before and after regular school hours.
Section 5 -
Authorizes appropriations through FY 2003 for part I (21st Century Community Learning Centers Act) of title X of the Elementary and Secondary Education Act of 1965. Sets forth provisions concerning the distribution of assistance under part I.
Section 6 -
Revises IRC provisions concerning the aggregate amount of nonrefundable personal credits allowed to provide that the aggregate amount of such credits allowed shall not exceed the sum of: (1) the taxpayer's regular tax liability; plus (2) the alternative minimum tax.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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