HR 1515 102th Congress House Taxation Adoption Costs Employee benefit plans Income tax Tax deductions Tax exclusion

Fairness for Adopting Families Act

Introduced: March 20, 1991 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 16, 1991

For Further Action See H.R.2893.

Mar 20, 1991

Referred to the House Committee on Ways and Means.

Mar 20, 1991

Introduced in House

Plain-English summary Congressional Research Service

Fairness for Adopting Families Act - Amends the Internal Revenue Code to permit an individual income tax deduction for qualified adoption expenses. Includes as deductible reasonable and necessary expenses that are directly related to a legal adoption of any child if the adoption has been arranged by a State, local, or other nonprofit agency, or through a private placement.

Excludes from an employee's gross income any amounts paid on behalf of the employee by an employer pursuant to a qualified adoption assistance program.

Limits both the deduction and the exclusion to $5,000 ($7,000 in the case of an international adoption). Reduces the amount when the taxpayer's income exceeds $60,000.

Permits an employer to treat an adoption assistance program as a statutory employee benefit plan, thus making the employer's contributions to such a program tax deductible as business expenses.

What's happening now July 16, 1991

For Further Action See H.R.2893.

Committees of jurisdiction 1