summary
Introduced
05/07/2021
05/07/2021
In Committee
05/07/2021
05/07/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to provide for a refundable adoption tax credit.
AI Summary
This bill, the Adoption Tax Credit Refundability Act of 2021, amends the Internal Revenue Code to make the existing adoption tax credit refundable. Specifically, it moves the adoption tax credit from a non-refundable credit to a refundable credit, allowing taxpayers to receive the full credit amount even if it exceeds their tax liability. The bill also provides for the use of standardized third-party affidavits to verify legal adoptions, including those involving children with special needs. These amendments would apply to taxable years beginning after December 31, 2020, and include a transitional rule to treat any unused adoption tax credit carryforwards as part of the new refundable credit.
Committee Categories
Budget and Finance
Sponsors (37)
Danny Davis (D)*,
Cindy Axne (D),
Don Bacon (R),
Karen Bass (D),
Don Beyer (D),
Earl Blumenauer (D),
Suzanne Bonamici (D),
Brendan Boyle (D),
Julia Brownley (D),
Emanuel Cleaver (D),
Tom Cole (R),
Gerry Connolly (D),
Tom Emmer (R),
Brian Fitzpatrick (R),
Mayra Flores (R),
Raúl Grijalva (D),
Michael Guest (R),
Vicky Hartzler (R),
Mike Kelly (R),
Andy Kim (D),
David Kustoff (R),
Barbara Lee (D),
Ted Lieu (D),
Tom Malinowski (D),
Grace Meng (D),
Marie Newman (D),
Chellie Pingree (D),
Mark Pocan (D),
Deborah Ross (D),
Lloyd Smucker (R),
Pete Stauber (R),
Tom Suozzi (D),
Eric Swalwell (D),
Jackie Walorski (R),
Susan Wild (D),
Rob Wittman (R),
John Yarmuth (D),
Last Action
Referred to the House Committee on Ways and Means. (on 05/07/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/3031/all-info | 05/08/2021 |
| BillText | https://www.congress.gov/117/bills/hr3031/BILLS-117hr3031ih.pdf | 06/24/2021 |
| Bill | https://www.congress.gov/117/bills/hr3031/BILLS-117hr3031ih.pdf.pdf | 06/24/2021 |
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