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United States · Bill · HR

H.R. 3286 (104th)

Adoption Promotion and Stability Act of 1996

openUnited States· United States Congress· EN

Introduced

23 April 1996

Last action

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Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.

Sponsors

—

Subjects

Discovery layer

Source updated

21 July 2025

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Summary

TABLE OF CONTENTS: Title I: Credit for Adoption Expenses Title II: Interethnic Adoption Title III: Child Custody Proceedings Affected by the Indian Child Welfare Act of 1978 Title IV: Revenue Offsets Subtitle A: Exclusion for Energy Conservation Subsidies Limited to Subsidies With Respect to Dwelling Units Subtitle B: Foreign Trust Tax Compliance Adoption Promotion and Stability Act of 1996 - Title I: Credit for Adoption Expenses - Amends the Internal Revenue to allow for a limited adoption credit of up to $5,000. Excludes from an employee's gross income up to $5,000 of amounts paid by the employer for adoption expenses. Prohibits a double benefit. Title II: Interethnic Adoption - Amends title IV (Grants to States for Aid and Services to Needy Families with Children and for Child-Welfare Services) of the Social Security Act to prohibit any State or entity receiving Federal adoption or foster care assistance from limiting an adoption because of race, color, or national origin. Title III: Child Custody Proceedings Affected by the Indian Child Welfare Act of 1978 - Amends the Indian Child Welfare Act of 1978 to make title I of such Act inapplicable to any child custody proceeding involving a child who does not reside or is not domiciled within a reservation unless: (1) at least one of the child's biological parents is of Indian descent; and (2) at least one of the child's parents maintains a significant social, cultural, or political affiliation with the tribe of which either parent is a member. Title IV: Revenue Offsets - Subtitle A: Exclusion for Energy Conservation Subsidies Limited to Subsidies with Respect to Dwelling Units - Amends the Internal Revenue Code to limit to dwelling units the exclusion from gross income of any energy conservation subsidy provided by a public utility. Subtitle B: Foreign Trust Tax Compliance - Revises the requirements regarding information that must be reported regarding certain foreign trusts. Modifies the circumstances (with regard to foreign trusts having one or more U.S. beneficiaries) in which a transferor is treated as the owner. Replaces provisions setting forth a special rule applicable to foreign grantors with provisions declaring that provisions relating to treating grantors and others as substantial owners shall apply only when that application results in an amount being currently taken into account in computing the income of a U.S. citizen or resident or a domestic corporation. Requires a United States person to report information regarding foreign gifts or bequests when the gifts' aggregate value during a taxable year exceeds $10,000. Modifies requirements regarding the interest charge on accumulation distributions from foreign trusts. Changes the circumstances in which an estate or trust is included in the definition of "United States person." Modifies the definition of "foreign estate or trust." Requires (for provisions relating to the imposition of a tax on transfers to avoid income tax) treating a trust which is not a foreign trust and which becomes a foreign trust as having transferred, immediately before becoming a foreign trust, all of its assets to a foreign trust.

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Documents

20 official files

Reported to Senate (text)

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