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]
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.
Title
Foster Care Tax Credit Act
Sponsors
Sen. Tim Kaine [D-VA] | Sen. Doug Jones [D-AL] |
History
Date | Chamber | Action |
---|---|---|
2019-05-22 | Senate | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3062) |
Subjects
Adoption and foster care
Congressional oversight
Fraud offenses and financial crimes
Government studies and investigations
Income tax credits
Tax administration and collection, taxpayers
Taxation
Congressional oversight
Fraud offenses and financial crimes
Government studies and investigations
Income tax credits
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1599/all-info |
Text | https://www.congress.gov/116/bills/s1599/BILLS-116s1599is.pdf |