US SB1599 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on May 22 2019 - 25% progression, died in committee
Action: 2019-05-22 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3062)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Foster Care Tax Credit Act

Sponsors


History

DateChamberAction
2019-05-22SenateRead twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3062)

Subjects


US Congress State Sources


Bill Comments

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