[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 622 Reported in House (RH)]
Union Calendar No. 35
107th CONGRESS
1st Session
H. R. 622
[Report No. 107-64]
To amend the Internal Revenue Code of 1986 to expand the adoption
credit, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 14, 2001
Mr. DeMint (for himself, Mr. Oberstar, Mr. Bachus, Mr. King, Ms. Pryce
of Ohio, Mr. Ackerman, Mr. Aderholt, Mr. Akin, Mr. Andrews, Mr. Armey,
Mr. Baird, Ms. Baldwin, Mr. Barrett, Mr. Bartlett of Maryland, Mr.
Barton of Texas, Mr. Bereuter, Mrs. Biggert, Mr. Bilirakis, Mr.
Blagojevich, Mr. Blunt, Mr. Boehlert, Mr. Bonior, Mrs. Bono, Mr.
Boucher, Mr. Brady of Texas, Ms. Brown of Florida, Mr. Brown of South
Carolina, Mr. Bryant, Mr. Burr of North Carolina, Mr. Burton of
Indiana, Mr. Buyer, Mr. Callahan, Mr. Camp, Mr. Cannon, Mr. Cantor, Mr.
Chabot, Mr. Chambliss, Mr. Cooksey, Mr. Costello, Mr. Cox, Mr. Coyne,
Mr. Cramer, Mr. Crane, Mrs. Cubin, Mr. Cunningham, Mrs. Jo Ann Davis of
Virginia, Mr. Thomas M. Davis of Virginia, Mr. Delahunt, Mr. DeLay, Mr.
Doolittle, Mr. Doyle, Mr. Duncan, Mr. Ehlers, Mrs. Emerson, Mr.
English, Mr. Evans, Mr. Everett, Mr. Flake, Mr. Fletcher, Mr. Foley,
Mr. Fossella, Mr. Frank, Mr. Frelinghuysen, Mr. Frost, Mr. Gibbons, Mr.
Gillmor, Mr. Gilman, Mr. Goode, Mr. Gordon, Mr. Graham, Ms. Granger,
Mr. Green of Texas, Mr. Greenwood, Mr. Grucci, Mr. Gutknecht, Mr. Hall
of Ohio, Mr. Hansen, Ms. Hart, Mr. Hayes, Mr. Hayworth, Mr. Hobson, Mr.
Holden, Mr. Horn, Mr. Hostettler, Mr. Hutchinson, Mr. Inslee, Mr.
Isakson, Mr. Jenkins, Mrs. Johnson of Connecticut, Mr. Sam Johnson of
Texas, Mrs. Jones of Ohio, Mr. Keller, Mrs. Kelly, Mr. Kerns, Mr. Kind,
Mr. Kingston, Mr. Knollenberg, Mr. Kolbe, Mr. Kucinich, Mr. LaHood, Mr.
Larson of Connecticut, Mr. LaTourette, Mr. Lewis of Kentucky, Mr.
Lipinski, Mr. LoBiondo, Mr. Lucas of Oklahoma, Mrs. Maloney of New
York, Mrs. McCarthy of New York, Ms. McCarthy of Missouri, Mr. McHugh,
Mr. McInnis, Mr. McIntyre, Mr. McNulty, Mr. Meehan, Mr. Gary Miller of
California, Mrs. Mink of Hawaii, Mr. Moore, Mr. Moran of Virginia, Mrs.
Morella, Mrs. Myrick, Mr. Nadler, Mr. Neal of Massachusetts, Mr. Ney,
Mrs. Northup, Mr. Osborne, Mr. Oxley, Mr. Pascrell, Mr. Paul, Mr.
Pence, Mr. Pickering, Mr. Pitts, Mr. Platts, Mr. Price of North
Carolina, Mr. Putnam, Mr. Reynolds, Mr. Riley, Ms. Rivers, Mr. Roemer,
Mr. Rogers of Michigan, Mrs. Roukema, Mr. Ryan of Wisconsin, Mr. Ryun
of Kansas, Mr. Sanders, Mr. Schaffer, Ms. Schakowsky, Mr. Schrock, Mr.
Scott, Mr. Sensenbrenner, Mr. Shadegg, Mr. Shays, Mr. Sherwood, Mr.
Shimkus, Mr. Simmons, Mr. Simpson, Mr. Skeen, Mr. Skelton, Mr. Smith of
New Jersey, Mr. Smith of Michigan, Mr. Souder, Mr. Spence, Mr. Stearns,
Mr. Stupak, Mr. Sweeney, Mr. Tancredo, Mr. Tauzin, Mr. Terry, Mrs.
Thurman, Mr. Tiahrt, Mr. Tiberi, Mr. Toomey, Mr. Underwood, Mr. Vitter,
Mr. Walden of Oregon, Mr. Walsh, Mr. Waxman, Mr. Weldon of Florida, Mr.
Whitfield, Mr. Wicker, Mr. Wolf, Mr. Baker, Mr. Allen, Mr. Wamp, Mr.
Larsen of Washington, Mr. Istook, Mr. Crenshaw, Ms. Capito, Mr. Udall
of Colorado, Mr. Baca, and Ms. Woolsey) introduced the following bill;
which was referred to the Committee on Ways and Means
May 15, 2001
Additional sponsors: Mr. Visclosky, Mr. Sabo, Mr. Filner, Ms. Kaptur,
Mr. Bonilla, Mr. Taylor of North Carolina, Mr. Berman, Mr. Crowley, Mr.
Gallegly, Mr. DeFazio, Mr. Clement, Mr. Bishop, Mr. Wu, Mr. Borski, Mr.
Lucas of Kentucky, Mr. Ehrlich, Mr. Norwood, Mr. Strickland, Mr. Jones
of North Carolina, Mr. Largent, Mr. Latham, Mr. Thune, Ms. Carson of
Indiana, Mr. Ferguson, Mr. Calvert, Mr. Ballenger, Mr. Boehner, Mr.
Castle, Mr. Coble, Mr. Dreier, Mr. Linder, Mr. Manzullo, Mr. Moran of
Kansas, Mr. Green of Wisconsin, Mr. Hastings of Washington, Mr.
Hoekstra, Mr. Hulshof, Mr. Rohrabacher, Mr. Watts of Oklahoma, Mr.
Nethercutt, Mr. Snyder, Mr. Peterson of Minnesota, Mr. Graves, Mr.
Otter, Mr. Baldacci, Ms. Solis, Mr. Hoeffel, Mr. Portman, Ms. Dunn, Mr.
Hyde, Mr. Weldon of Pennsylvania, Mr. Blumenauer, Ms. Hooley of Oregon,
Mr. Goodlatte, Mr. Ose, Mr. Langevin, Mr. Hefley, Mr. Bass, Mr. Olver,
Mr. Combest, Mr. Diaz-Balart, Mr. Goss, Mr. Houghton, Mr. McKeon, Mr.
Pombo, Mr. Sununu, Mr. Young of Alaska, Mr. Upton, Mr. Weller, Mr.
George Miller of California, Mr. Saxton, Mr. Kildee, Ms. Velazquez, Mr.
Hilleary, Mr. Clyburn, Mr. Abercrombie, Mr. Deal of Georgia, Mr. Watt
of North Carolina, Mr. Gonzalez, Mr. Maloney of Connecticut, Mrs.
Tauscher, Mr. Brown of Ohio, Mr. Mica, Mr. Barcia, Ms. Millender-
McDonald, Mr. LaFalce, Mr. Pomeroy, Mr. Phelps, Mr. Ramstad, Mr.
Watkins, Mr. Matheson, Mr. Sawyer, Mr. Smith of Washington, Mr. Hoyer,
Ms. Jackson-Lee of Texas, Mr. Kennedy of Minnesota, Ms. McKinney, Mr.
Owens, Mr. Rogers of Kentucky, Mr. Issa, and Ms. Norton
May 15, 2001
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed
in italic]
[For text of introduced bill, see copy of bill as introduced on
February 14, 2001]
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to expand the adoption
credit, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Hope for Children Act''.
SEC. 2. INCREASED TAX INCENTIVES FOR ADOPTIONS.
(a) Increase in Maximum Benefit.--Section 23(b)(1) of the Internal
Revenue Code of 1986 (relating to dollar limitation) is amended by
striking ``$5,000'' and all that follows and inserting ``$10,000.''.
(b) Benefits Made Permanent for All Children.--Paragraph (2) of
section 23(d) of such Code is amended to read as follows:
``(2) Eligible child.--The term `eligible child' means any
individual who--
``(A) has not attained age 18, or
``(B) is physically or mentally incapable of caring
for himself.''.
(c) Increase in Phaseout.--Clause (i) of section 23(b)(2)(A) of
such Code (relating to income limitation) is amended by striking
``$75,000'' and inserting ``$150,000''.
(d) Credit Allowed Against Alternative Minimum Tax.--
(1) In general.--Subsection (b) of section 23 of such Code
is amended by adding at the end the following new paragraph:
``(4) Limitation based on amount of tax.--The credit
allowed under subsection (a) for any taxable year shall not
exceed the excess of--
``(A) the sum of the regular tax liability (as
defined in section 26(b)) plus the tax imposed by
section 55, over
``(B) the sum of the credits allowable under this
subpart (other than this section) and section 27 for
the taxable year.''.
(2) Conforming amendments.--
(A) Subsection (c) of section 23 of such Code is
amended--
(i) by striking ``section 26(a)'' and
inserting ``subsection (b)(4)'', and
(ii) by striking ``reduced by the sum of
the credits allowable under this subpart (other
than this section and section 1400C)''.
(B) Paragraph (1) of section 26(a) of such Code is
amended by inserting ``(other than section 23)'' after
``this subpart''.
(C) Section 904(h) of such Code is amended by
inserting ``(other than section 23)'' after
``chapter''.
(D) Subsection (d) of section 1400C of such Code is
amended by inserting ``and section 23'' after ``this
section''.
(e) Amendments Related to Employer-Provided Adoption Assistance.--
(1) Paragraph (1) of section 137(b) of such Code is amended
by striking ``$5,000'' and all that follows and inserting
``$10,000.''.
(2) Subparagraph (A) of section 137(b)(2) of such Code is
amended by striking ``$75,000'' and inserting ``$150,000''.
(3) Section 137 of such Code is amended by striking
subsection (f) (relating to termination).
(f) Effective Date.--
(1) In general.--Except as provided in paragraph (2), the
amendments made by this section shall apply to taxable years
beginning after December 31, 2001.
(2) Expenses paid or incurred in prior years.--Expenses
paid or incurred during any taxable year beginning before
January 1, 2002, may be taken into account in determining the
credit under section 23 of the Internal Revenue Code of 1986
for a taxable year beginning on or after such date only to the
extent the aggregate of such expenses does not exceed the
applicable limitation under section 23(b)(1) of such Code as in
effect on the day before the date of the enactment of this Act.
Union Calendar No. 35
107th CONGRESS
1st Session
H. R. 622
[Report No. 107-64]
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to expand the adoption
credit, and for other purposes.
_______________________________________________________________________
May 15, 2001
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed