dependent care services necessary for gainful employment. . (M) The table of sections for subpart A of such part IV is amended by striking the item relating to section 21. (e) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2017. 4. Three-year credit for individuals holding child care-related degrees who work in licensed child care facilities (a) In general Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25D the following new section: 25E. Right start child care and education credit (a) Allowance of credit In the case of an individual who is an eligible child care provider for the taxable year, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year the amount of $2,000. (b) 3-Year credit (1) In general The credit allowable by subsection (a) for any taxable year to an individual shall be allowed for such year only if the individual elects the application of this section for such year. (2) Election An election to have this section apply may not be made by an individual for any taxable year if such an election by such individual is in effect for any 3 prior taxable years. (c) Eligible child care provider For purposes of this section— (1) In general The term eligible child care provider means, for any taxable year, any individual if— (A) as of the close of such taxable year, such individual holds a bachelor’s degree in early childhood education, child care, or a related degree and such degree was awarded by an eligible educational institution (as defined in section 25A(f)(2)), and (B) during such taxable year, such individual performs at least 1,200 hours of child care services at a facility if— (i) the principal use of the facility is to provide child care services, (ii) no more than 25 percent of the children receiving child care services at the facility are children (as defined in section 152(f)) of the individual or such individual’s