Adoption Tax Credit Refundability Act of 2019

Bill: 116-hr-2965
Sponsor: full_name: Rep. Davis, Danny K. [D-IL-7]
Introduced: 2019-05-23
Policy area: Taxation
Subjects: Adoption and foster care

Income tax credits
Latest action: action_date: 2019-05-23
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-05-23
action_desc: Introduced in House
text: <p><strong>Adoption Tax Credit Refundability Act of 201</strong><b>9</b></p> <p>This bill makes the tax credit for adoption expenses refundable. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2965 IN THE HOUSE OF REPRESENTATIVES May 23, 2019 Mr. Danny K. Davis of Illinois (for himself, Mrs. Walorski , Ms. Bass , and Mr. Bacon ) 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 provide for a refundable adoption tax credit.

1. Short title This Act may be cited as the Adoption Tax Credit Refundability Act of 2019 . 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 sections 23 and 25D and inserting section 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) of such Code 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 is amended by striking the item relating to section 23. (G) Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting 36C, after 36B, . (H) Paragraph (33) of section 471(a) of the Social Security Act ( 42 U.S.C. 671(a) ) is amended by striking section 23 and inserting section 36C . (I) The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 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, 2018.