Senators Bob Casey, Jr. (D-PA) and Sherrod Brown (D-OH) filed an amendment that would make the adoption tax credit refundable to the tax extenders markup in the Senate Finance Committee earlier this week.
Senator Casey is an original co-sponsor of the Senate’s “Adoption Tax Credit Refundability Act” (S 950) with Senator Roy Blunt (R-MO). While unlikely to be considered germane to the bill, Senator Casey filed the amendment to continue emphasizing this credit is one of his priorities in the committee.
Here is the amendment text, as filed:
Casey/Brown Amendment #1 to the Chairman’s Mark of an Original Bill to Extend Certain Expired Tax Provisions
Short Title: Adoption Tax Credit Refundability Act
Description of Amendment: This amendment would make the Adoption Tax Credit fully refundable.
The Adoption Tax Credit was made permanent in the American Taxpayer Relief Act in January 2013. However, that law did not extend the refundability provisions that applied to the adoption tax credit in 2010 and 2011. The Adoption Tax Credit Refundability Act will restore the refundable portion of this critical support for families wishing to adopt.
We encourage you to reach out to Senators Casey and Brown to thank them for this action in support of the federal adoption tax credit and refundability, and to acknowledge Senator Casey’s staffers for their work on this.