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S 2390 113th Congress Senate Taxation Adoption and foster care Government information and archives Income tax credits Indian social and development programs

Foster Care Tax Credit Act

Introduced: May 22, 2014 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2014
Read twice and referred to the Committee on Finance.
May 22, 2014
Sponsor introductory remarks on measure. (CR S3298)
May 22, 2014
Introduced in Senate
 Plain-English summary Congressional Research Service

Foster Care Tax Credit Act - Amends the Internal Revenue Code to allow a partially refundable tax credit for each qualifying foster child who resides in the home of an eligible taxpayer for at least one calendar month during the taxable year. Defines "qualifying foster child" as a child in foster care who has not attained age 17, who is a citizen, national, or resident of the United States, and with respect to whom the child tax credit is not allowable. Requires the name and taxpayer identification number of a foster child to be included on the taxpayer's tax return.

Directs the Secretary of Health and Human Services (HHS) to identify provisions in the Internal Revenue Code that can benefit foster families and increase outreach efforts to inform state and Indian tribal foster care agencies and foster families about such provisions.

What's happening now May 22, 2014

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1