To amend the Internal Revenue Code of 1986 to increase the amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit.

TL;DR (AI)

• The bill increases the amount allowed as a credit under the expenses for household and dependent care services credit.
• The credit limit for employer-provided child care is increased from $150,000 to $400,000.
• The amendments apply to taxable years beginning after the enactment date of the bill.