H.R.1561 - Childhood Adoption Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Ford, Harold E., Jr. [D-TN-9] (Introduced 04/12/2005)|
|Committees:||House - Ways and Means|
|Latest Action:||04/12/2005 Referred to the House Committee on Ways and Means.|
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Summary: H.R.1561 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (04/12/2005)
Childhood Adoption Act of 2005 - Amends the Internal Revenue Code to: (1) increase the tax credit for adoption expenses from $10,000 to $15,000; (2) make such tax credit refundable; and (3) increase the exclusion from gross income for employer-paid adoption expenses from $10,000 to $15,000.
Amends title IV, part E (Federal Payments for Foster Care and Adoption Assistance) of the Social Security Act to increase: (1) levels of adoption incentive payments payable to States under the adoption assistance program; and (2) funding for adoption incentive payments for FY 2006 through 2008.