To amend the Internal Revenue Code of 1986 to make the credit for dependent care services necessary for gainful employment a refundable credit and to allow an investment tax credit for dependent care center property.

Amends the Internal Revenue Code to make the (nonrefundable) employment-related dependent care income tax credit a refundable credit.

Permits businesses: (1) a ten percent investment tax credit in connection with certain depreciable property used to provide a child care facility for employees' dependents; and (2) a five percent credit for investments in dependent care property not eligible for any investment tax credit under current law.