summary
Introduced
04/25/2017
04/25/2017
In Committee
04/25/2017
04/25/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Adoption Tax Credit Refundability Act of 2017 This bill amends the Internal Revenue Code to make the tax credit for adoption expenses refundable.
AI Summary
This bill amends the Internal Revenue Code to make the tax credit for adoption expenses refundable. Specifically, it moves the existing adoption tax credit (previously section 23) to a new section 36C, which is located in the subpart of the tax code dealing with refundable credits. This change makes the adoption tax credit refundable, meaning taxpayers can receive the credit as a refund even if they do not owe any income taxes. The bill also makes various conforming amendments to other sections of the tax code to reflect this change. The amendments would apply to tax years beginning after December 31, 2016.
Committee Categories
Budget and Finance
Sponsors (12)
Bob Casey (D)*,
Roy Blunt (R),
John Boozman (R),
Kirsten Gillibrand (D),
James Inhofe (R),
Amy Klobuchar (D),
Ed Markey (D),
Mike Rounds (R),
Ben Sasse (R),
Jon Tester (D),
Chris Van Hollen (D),
Elizabeth Warren (D),
Last Action
Read twice and referred to the Committee on Finance. (on 04/25/2017)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/937/all-info |
| BillText | https://www.congress.gov/115/bills/s937/BILLS-115s937is.pdf |
| Bill | https://www.congress.gov/115/bills/s937/BILLS-115s937is.pdf.pdf |
Loading...