Title: Adoption Tax Credit Refundability Act of 2017
Policy area: Taxation

Summary:
Adoption Tax Credit Refundability Act of 2017
This bill amends the Internal Revenue Code to make the tax credit for adoption expenses refundable.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 937 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                 S. 937

To amend the Internal Revenue Code of 1986 to provide for a refundable 
                          adoption tax credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 25, 2017

  Mr. Casey (for himself, Mr. Blunt, Mrs. Gillibrand, Mr. Inhofe, Mr. 
 Markey, Mr. Rounds, and Ms. Klobuchar) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide for a refundable 
                          adoption tax credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Adoption Tax Credit Refundability 
Act of 2017''.

SEC. 2. REFUNDABLE ADOPTION TAX CREDIT.

    (a) Credit Made Refundable.--
            (1) Credit moved to subpart relating to refundable 
        credits.--The Internal Revenue Code of 1986 is amended--
                    (A) by redesignating section 23 as section 36C; and
                    (B) by moving section 36C (as so redesignated) from 
                subpart A of part IV of subchapter A of chapter 1 to 
                the location immediately before section 37 in subpart C 
                of part IV of subchapter A of chapter 1.
            (2) Conforming amendments.--
                    (A) Section 25(e)(1)(C) of such Code is amended by 
                striking ``23, 25D,'' and inserting ``25D''.
                    (B) Section 36C of such Code, as so redesignated, 
                is amended--
                            (i) in subsection (b)(2)(A), by striking 
                        ``(determined without regard to subsection 
                        (c))'';
                            (ii) by striking subsection (c); and
                            (iii) by redesignating subsections (d) 
                        through (i) as subsections (c) through (h), 
                        respectively.
                    (C) Section 137 of such Code is amended--
                            (i) in subsection (d), by striking 
                        ``section 23(d)'' and inserting ``section 
                        36C(c)''; and
                            (ii) in subsection (e), by striking 
                        ``subsections (e), (f), and (g) of section 23'' 
                        and inserting ``subsections (d), (e), and (f) 
                        of section 36C''.
                    (D) Section 1016(a)(26) is amended by striking 
                ``23(g)'' and inserting ``36C(f)''.
                    (E) Section 6211(b)(4)(A) of such Code is amended 
                by inserting ``36C,'' after ``36B''.
                    (F) The table of sections for subpart A of part IV 
                of subchapter A of chapter 1 of such Code of 1986 is 
                amended by striking the item relating to section 23.
                    (G) Paragraph (2) of section 1324(b) of title 31, 
                United States Code, as amended by this Act, is amended 
                by inserting ``36C,'' after ``36B,''.
                    (H) The table of sections for subpart C of part IV 
                of subchapter A of chapter 1 of the Internal Revenue 
                Code of 1986, as amended by this Act, is amended by 
                inserting after the item relating to section 36B the 
                following new item:

``Sec. 36C. Adoption expenses.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2016.
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