Foster EITC Act of 2017

Bill: 115-hr-2681
Sponsor: full_name: Rep. Davis, Danny K. [D-IL-7]
Introduced: 2017-05-25
Policy area: Taxation
Subjects: Adoption and foster care

Income tax credits

Poverty and welfare assistance

Wages and earnings
Latest action: action_date: 2017-05-25
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-05-25
action_desc: Introduced in House
text: <p><b>Foster EITC Act of 2017</b></p> <p> This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to: (1) expand the age range at which individuals without qualifying children are eligible for the credit to include individuals who have attained age 21 but not 68 (25 but not 65 under current law), and (2) make qualified foster youth eligible for the credit.</p> <p>A &quot;qualified foster youth&quot; is an individual who: (1) has attained age 18 but not attained age 21 before the close of the taxable year, and (2) on or after attaining the age of 14 was placed in a foster family home by a state, a political subdivision of the state, or a qualified foster care placement agency. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2681 IN THE HOUSE OF REPRESENTATIVES May 25, 2017 Mr. Danny K. Davis of Illinois introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase the age range at which the earned income tax credit is allowed to former foster children and other individuals without qualifying children.

1. Short title This Act may be cited as the Foster EITC Act of 2017 . 2. Increase in age range at which earned income tax credit allowable to former foster children and other individuals without qualifying children (a) In general Section 32(c)(1)(A)(ii)(II) of the Internal Revenue Code of 1986 is amended— (1) by striking age 25 and inserting age 21 ; and (2) by striking age 65 and inserting age 68 . (b) Expanding the EITC for certain former foster youth Section 32(c)(1) of such Code is amended by adding at the end the following: (G) Foster youth (i) In general For purposes of subparagraph (A), the term eligible individual shall include an individual who is a qualified foster youth. (ii) Qualified foster youth defined For purposes of clause (i), the term qualified foster youth means an individual who— (I) has attained age 18 but not attained age 21 before the close of the taxable year, and (II) on or after attaining the age of 14 was placed in a foster family home by an agency of a State or a political subdivision thereof or by a qualified foster care placement agency (as defined by section 131(b)(3)). . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act.