Section 1 Short title
This Act may be cited as the “Foster EITC Act of 2017”.
Foster EITC Act of 2017
A BILL
To amend the Internal Revenue Code of 1986 to increase the age range at which the earned income tax credit is allowed to former foster children and other individuals without qualifying children.
Sec. 2 Increase in age range at which earned income tax credit allowable to former foster children and other individuals without qualifying children
by striking “age 25” and inserting “age 21”; and
by striking “age 65” and inserting “age 68”.
Expanding the EITC for certain former foster youth— Section 32(c)(1) of such Code is amended by adding at the end the following:
“(G) Foster youth
“(i) In general—For purposes of subparagraph (A), the term “eligible individual” shall include an individual who is a qualified foster youth.
“(ii) Qualified foster youth defined—For purposes of clause (i), the term “qualified foster youth” means an individual who—
“(I) has attained age 18 but not attained age 21 before the close of the taxable year, and
“(II) on or after attaining the age of 14 was placed in a foster family home by an agency of a State or a political subdivision thereof or by a qualified foster care placement agency (as defined by section 131(b)(3)).”
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act.