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United States · Bill · S

S. 1599 (116th)

Foster Care Tax Credit Act

referredUnited States· United States Congress· EN

Introduced

22 May 2019

Last action

Status

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3062)

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Foster Care Tax Credit Act This bill 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.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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