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]

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.

Tracking Information

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Title

Foster EITC Act of 2015

Sponsors


History

DateChamberAction
2015-11-19SenateRead 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


US Congress State Sources


Bill Comments

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