JO

Provision Effective 2020 2021 2022 2023 2024 2025 2026 2027 202

1. Refundability and enhancement of child and dependent care

tax credit [1].......................................................................... tyba 12/31/19 --- -7,567 -7,490 -8,482 -8,642 -8,886 -9,425 -9,158 -9,41

2. Increase in exclusion for employer-provided dependent care

assistance [2]......................................................................... tyba 12/31/19 [3] -185 -260 -273 -280 -287 -290 -296 -30

3. Payroll credit for certain fixed expenses of child care

facilities subject to closure by reason of COVID–19 (sunset12/31/20)............................................................................... qfepoai cqbo/a DOE --- -84 --- --- --- --- --- --- -

4. Payroll credit for certain employee dependent care expenses

paid by employers (sunset 12/31/20).................................... qedcepi cqbo/a DOE --- -21 --- --- --- --- --- --- -

5. Flexibility for dependent care flexible spending 

arrangements [4].................................................................... DOE --- 217 54 --- --- --- --- --- -

6. Employee retention credit allowed with respect to

employment of domestic workers......................................... [5] -7 -2 --- --- --- --- --- --- -

 NET TOTAL ............................................................................................. -7 -7,642 -7,696 -8,755 -8,922 -9,173 -9,715 -9,454 -9,71

Joint Committee on Taxation -------------------------------------- NOTE: Details may not add to totals due to rounding. The date of enactment is assumed to be August 15, 2020.Legend for "Effective" column: 

cqbo/a = calendar quarters beginning on or after qedcepi = qualified employee dependent care expenses paid in tyba = ta

DOE = date of enactment qfepoai = qualified fixed expenses paid or accrued in

[1] Estimate contains the following outlay effects: 2020 2021 2022 2023 2024 2025 2026 2027 202

Refundability and enhancement of child and dependent care tax credit.......................... --- 3,518 3,363 3,890 3,850 3,865 3,865 3,050 3,04

[2] Estimate includes the following budget effects: 2020 2021 2022 2023 2024 2025 2026 2027 202

Total Revenue Effect......................................................................................................... [3] -185 -260 -273 -280 -287 -290 -296 -30

On-budget effects............................................................................................................ [3] -38 -54 -56 -58 -59 -60 -61 -6Off-budget effects........................................................................................................... [3] -147 -206 -217 -222 -228 -230 -235 -24

[3] Loss of less than $500,000.[4] Estimate includes the following budget effects: 2020 2021 2022 2023 2024 2025 2026 2027 202

Total Revenue Effect......................................................................................................... --- 217 54 --- --- --- --- --- -

On-budget effects............................................................................................................ --- 160 40 --- --- --- --- --- -Off-budget effects........................................................................................................... --- 57 14 --- --- --- --- --- -

[5] Effective as if included in section 2301 of the CARES Act.

ESTIMATED REVENUE EFFECTS OF SECTIONS 402 - 407 CONTAINED IN H.R. 7327,

Fiscal Years 2020 - 2030

[Millions of Dollars] 

THE "CHILD CARE FOR ECONOMIC RECOVERY ACT,"

SCHEDULED FOR CONSIDERATION BY THE HOUSE OF REPRESENTATIVES ON JULY 29, 2020