Source: https://law.justia.com/codes/us/2015/title-26/subtitle-a/chapter-1/subchapter-b/part-iii/sec.-131/
Timestamp: 2020-04-10 10:38:13
Document Index: 130362062

Matched Legal Cases: ['§ 131', '§102', '§1707', '§404', '§ 131', '§131', '§102', '§1707', '§404', '§404', '§404', '§1707', '§102']

26 U.S.C. § 131 (2015) - Certain foster care payments :: Title 26 - Internal Revenue Code (Sections 1 - 9834) - US Code :: Justia
Justia US Law US Codes and Statutes US Code 2015 US Code Title 26 - Internal Revenue Code (Sections 1 - 9834) Subtitle A - Income Taxes (Sections 1 - 1564) Chapter 1 - Normal Taxes and Surtaxes (Sections 1 - 1400U-3) Subchapter B - Computation of Taxable Income (Sections 61 - 291) Part III - Items Specifically Excluded From Gross Income (Sections 101 - 140) Sec. 131 - Certain foster care payments
Sec. 131 - Certain foster care payments
Source Credit Added Pub. L. 97-473, title I, §102(a), Jan. 14, 1983, 96 Stat. 2606; amended Pub. L. 99-514, title XVII, §1707(a), Oct. 22, 1986, 100 Stat. 2781; Pub. L. 107-147, title IV, §404(a)-(c), Mar. 9, 2002, 116 Stat. 41.
Statutes at Large References 96 Stat. 2606, 2607
100 Stat. 2781, 2782
116 Stat. 41, 42
Public and Private Laws Public Law 97-473, Public Law 99-514, Public Law 107-147
26 U.S.C. § 131 (2015)
§131. Certain foster care payments(a) General rule
The term "qualified foster care payment" means any payment made pursuant to a foster care program of a State or political subdivision thereof—
The term "qualified foster individual" means any individual who is living in a foster family home in which such individual was placed by—
The term "qualified foster care placement agency" means any placement agency which is licensed or certified by—
The term "difficulty of care payments" means payments to individuals which are not described in subsection (b)(1)(B)(i), and which—
In the case of any foster home, difficulty of care payments for any period to which such payments relate shall not be excludable from gross income under subsection (a) to the extent such payments are made for more than—
(Added Pub. L. 97–473, title I, §102(a), Jan. 14, 1983, 96 Stat. 2606; amended Pub. L. 99–514, title XVII, §1707(a), Oct. 22, 1986, 100 Stat. 2781; Pub. L. 107–147, title IV, §404(a)–(c), Mar. 9, 2002, 116 Stat. 41.)
2002—Subsec. (b)(1). Pub. L. 107–147, §404(a), amended provisions preceding subpar. (B) generally. Prior to amendment, text of such provisions read as follows: "The term 'qualified foster care payment' means any amount—
1986—Subsec. (a). Pub. L. 99–514 amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: "Gross income shall not include amounts received by a foster parent during the taxable year as qualified foster care payments."
Subsec. (b). Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, par. (1) "In general" read as follows: "The term 'qualified foster care payment' means any amount—
and par. (2) "Qualified foster child" read as follows: "The term 'qualified foster child' means any individual who—
"(B) is living in a foster family home in which such individual was placed by—
Pub. L. 107–147, title IV, §404(d), Mar. 9, 2002, 116 Stat. 42, provided that: "The amendments made by this section [amending this section] shall apply to taxable years beginning after December 31, 2001."
Pub. L. 99–514, title XVII, §1707(b), Oct. 22, 1986, 100 Stat. 2782, provided that: "The amendment made by this section [amending this section] shall apply to taxable years beginning after December 31, 1985."
Pub. L. 97–473, title I, §102(c), Jan. 14, 1983, 96 Stat. 2607, provided that: "The amendments made by this section [enacting this section] shall apply to taxable years beginning after December 31, 1978."