A bill to amend the Internal Revenue Code of 1986 to exclude from gross income payments which are accounted for by a State in determining State foster care payments and to amend the Tax Reform Act of 1986 to make certain changes in the treatment of foster care payments retroactive to 1979.

Summary

Amends the Internal Revenue Code to exclude from gross income Federal Government payments which are accounted for by a State, political subdivision, or placement agency in determining State foster care payments. Makes such amendment effective as if included in the Tax Reform Act of 1986. Waives the statute of limitations for claiming a credit or refund of any overpayment of tax resulting from this Act.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 September 1991

  Open at official source

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