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Refundable Adoption Tax Credit: Support for Adopting Families

This act changes the adoption tax credit rules, making it refundable. This means that families adopting children can receive money back, even if they don't owe enough taxes, making it easier to cover adoption costs. The changes are set to take effect from 2024.
Key points
The adoption tax credit becomes refundable, meaning families can receive money even if they don't pay taxes.
Standardized third-party affidavits are introduced for adoption verification, simplifying the process.
The changes will apply to tax years beginning after December 31, 2023.
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Additional Information
Print number: 118_HR_3662
Sponsor: Rep. Davis, Danny K. [D-IL-7]
Process start date: 2023-05-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Adoption Tax Credit Refundability Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3662.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-25.

What are the main provisions?

Key points include:

  • The adoption tax credit becomes refundable, meaning families can receive money even if they don't pay taxes.
  • Standardized third-party affidavits are introduced for adoption verification, simplifying the process.
  • The changes will apply to tax years beginning after December 31, 2023.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davis, Danny K. [D-IL-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Family Benefits