S 87
106th Congress
Senate
Taxation
Families
Foster home care
Foster parents
Income tax
Personal income tax
Social Welfare
Tax exclusion
A bill to amend the Internal Revenue Code of 1986 to provide that the exclusion from gross income for foster care payments shall also apply to payments by qualifying placement agencies, and for other purposes.
Introduced: January 19, 1999
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 19, 1999
Read twice and referred to the Committee on Finance.
Jan 19, 1999
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to expand the definition of "qualified foster care payment" to include a payment received by a licensed placement agency. (Current law requires an agency which is not a State or local agency to be a tax-exempt agency.)
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1