[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6180 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 6180

   To amend the Internal Revenue Code of 1986 to increase the income 
    limitation with respect to the credit against tax for qualified 
adoption expenses and to increase the dollar limitation with respect to 
such credit in the case of an adoption of a child with special needs or 
                        a child age 9 or older.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 26, 2006

Ms. Ginny Brown-Waite of Florida (for herself, Mr. Paul, Mr. Ford, and 
Mr. Oberstar) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to increase the income 
    limitation with respect to the credit against tax for qualified 
adoption expenses and to increase the dollar limitation with respect to 
such credit in the case of an adoption of a child with special needs or 
                        a child age 9 or older.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Older Kids Act of 2006''.

SEC. 2. INCREASE IN LIMITATIONS WITH RESPECT TO CREDIT AGAINST TAX FOR 
              QUALIFIED ADOPTION EXPENSES.

    (a) Credit Limitation Increase for Adoption of Child With Special 
Needs or Child Age 9 or Older.--
            (1) In general.--Section 23(a) of the Internal Revenue Code 
        of 1986 (relating to allowance of credit) is amended by adding 
        at the end the following new paragraph:
            ``(4) Adoption of child with special needs or child age 9 
        or older.--In the case of the adoption of a child with special 
        needs which becomes final in a taxable year or the adoption of 
        a child which becomes final in a taxable year during which the 
        child has attained age 9--
                    ``(A) subsection (b)(1) shall be applied by 
                substituting `$20,000' for `$10,000', and
                    ``(B) to the extent that qualified adoption 
                expenses exceed $10,000 and are paid or incurred before 
                the taxable year in which such adoption becomes final, 
                such expenses shall be taken into account under this 
                section as if such expenses were paid or incurred 
                during the taxable year in which such adoption becomes 
                final.''.
            (2) Exception for foreign adoptions.--Section 23(e) of such 
        Code is amended by striking ``and'' at the end of paragraph 
        (1), by striking the period at the end of paragraph (2) and 
        inserting ``, and'', and by adding at the end the following new 
        paragraph:
            ``(3) subsection (a)(4) shall not apply.''.
    (b) Income Limitation Increase.--Section 23(b)(2)(A) of such Code 
is amended--
            (1) in clause (i), by striking ``$150,000'' and inserting 
        ``$500,000'', and
            (2) in clause (ii), by striking ``$40,000'' and inserting 
        ``$100,000''.
    (c) Conforming Amendment.--Section 23(f) of such Code is amended by 
striking ``subsection (a)(3)'' and inserting ``paragraphs (3) and (4) 
of subsection (a)''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2006.
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