[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 347 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 347

 To amend the Internal Revenue Code of 1986 to provide that the credit 
   for adoption expenses shall be permanent and to repeal the 5-year 
             limitation on carryforwards of unused credit.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 25, 2005

  Mr. Platts introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide that the credit 
   for adoption expenses shall be permanent and to repeal the 5-year 
             limitation on carryforwards of unused credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ADOPTION EXPENSE CREDIT MADE PERMANENT; REPEAL OF 
              CARRYFORWARD LIMIT.

    (a) Credit Made Permanent.--Title IX of the Economic Growth and Tax 
Relief Reconciliation Act of 2001 shall not apply to the amendments 
made by section 202 of such Act.
    (b) Repeal of Carryforward Limit.--
            (1) In general.--Subsection (c) of section 23 of such Code 
        is amended by striking the last 2 sentences.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to taxable years beginning after the date of the 
        enactment of this Act.
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