Just before Memorial Day weekend, bills to make the adoption tax credit refundable were introduced in the Senate and the House.
In the Senate, the Adoption Tax Refundability Act (S. 1056) was introduced by Senator Casey (D-PA), Senator Landrieu (D-LA), and Senator Blunt (R-MO). The House bill, H.R. 2144, was introduced by Representative Braley (D-IA).
The adoption tax credit was refundable in tax years 2010 and 2011, which meant that many more children and their adoptive families were able to take advantage of it. The Adoption Tax Credit Refundability Act would make the adoption tax credit a benefit to lower and moderate income families who cannot currently use it.
We will follow this closely and keep you informed on the results of this effort.