US SB2327 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on November 19 2015 - 25% progression, died in committee
Action: 2015-11-19 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 19 2015 - 25% progression, died in committee
Action: 2015-11-19 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Foster EITC Act of 2015 This bill amends the Internal Revenue Code to modify the earned income tax credit by: (1) making permanent the increase in the rate of such credit for taxpayers with three or more children, (2) increasing the credit for taxpayers with no qualifying children, (3) reducing the qualifying age for such credit for certain childless individuals (from age 25 to age 21) and for youth formerly in foster care (from age 25 to age 18), (4) imposing new reporting requirements for youth in foster care who have attained age 16, and (5) revising eligibility rules relating to married individuals living apart and qualifying children claimed by another family member.
Title
Foster EITC Act of 2015
Sponsors
Sen. Robert Casey [D-PA] | Sen. Patty Murray [D-WA] | Sen. Elizabeth Warren [D-MA] | Sen. Maria Cantwell [D-WA] |
Sen. Benjamin Cardin [D-MD] |
History
Date | Chamber | Action |
---|---|---|
2015-11-19 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB1012 (Related) 2015-04-20 - Read twice and referred to the Committee on Finance.
Subjects
Adoption and foster care
Income tax credits
Inflation and prices
Marriage and family status
Poverty and welfare assistance
Tax administration and collection, taxpayers
Tax treatment of families
Taxation
Wages and earnings
Income tax credits
Inflation and prices
Marriage and family status
Poverty and welfare assistance
Tax administration and collection, taxpayers
Tax treatment of families
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/2327/all-info |
Text | https://www.congress.gov/114/bills/s2327/BILLS-114s2327is.pdf |