H.R.586 - Fairness for Foster Care Families Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Lewis, Ron [R-KY-2] (Introduced 02/13/2001)|
|Committees:||House - Ways and Means|
|Committee Reports:||H. Rept. 107-66|
|Latest Action:||Senate - 04/18/2002 Message on House action received in Senate and at desk: House amendments to Senate amendment. (All Actions)|
|Roll Call Votes:||There have been 2 roll call votes|
|Notes:||Pursuant to the provisions of H.Res. 390, on 4/18/2002 the House agreed with an amendment to the Senate amendment. The House amendment struck all after the H.R. 586 enacting clause and inserted the Tax Relief Guarantee Act. H.R. 586 had previously been the Fairness for Foster Care Families Act.|
This bill has the status Resolving Differences
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- Resolving Differences
Summary: H.R.586 — 107th Congress (2001-2002)All Information (Except Text)
Fairness for Foster Care Families Act of 2001 - Amends the Internal Revenue Code to provide that the exclusion of State or local government foster care payments from the gross income of foster care providers shall also apply to payments by any qualifying placement agency (thus including an agency other than a State or local government agency or a tax-exempt placement agency).
Passed Senate amended (02/06/2002)
Expands the definition of a qualified foster individual to include a foster care individual placed by any qualified placement agency (thus eliminating the restriction of State or local government agency or a tax-exempt agency placement applicable to individuals under the age of 19).
Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to accelerate, by one year, the effective date for the expansion of the adoption tax credit and the adoption assistance programs.