3.0.0 1599 2022-11-01T05:47:41Z 2022-11-01T05:47:41Z Senate S 2019-05-22 116 ssfi00 Finance Committee Senate Standing Referred to 2019-05-22T17:38:36Z 2019-05-22 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3062) IntroReferral 2019-05-22 Introduced in Senate IntroReferral 10000 9 Library of Congress K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. N J000300 Sen. Jones, Doug [D-AL] Doug Jones D AL 2019-05-22 True Taxation Adoption and foster care Congressional oversight Fraud offenses and financial crimes Government studies and investigations Income tax credits Tax administration and collection, taxpayers Taxation 00 2019-05-22 Introduced in Senate 2020-03-27T15:32:56Z Foster Care Tax Credit Act

This bill allows eligible taxpayers an income-based tax credit equal to $850 in a taxable year for the care of a qualifying foster child. An eligible taxpayer is a taxpayer with whom a foster child was placed for not less than one month in the taxable year and for whom a child tax credit is not allowed for such taxable year. A qualifying foster child is a foster child who is under age 17 and is a citizen, national, or resident of the United States.

The bill requires certain information reporting for foster child placements and a study and report on emergency and short-term foster placements.

]]> Foster Care Tax Credit Act Display Title Foster Care Tax Credit Act Short Title(s) as Introduced Foster Care Tax Credit Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to create a refundable tax credit for foster families, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-05-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1599is/xml/BILLS-116s1599is.xml 2019-05-22 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3062) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.