To amend the Internal Revenue Code of 1986 to assist in the support of children living in poverty by allowing a refundable credit to grandparents of those children for the purchase of household items for the benefit of those children, and for other purposes.
Grandparents Tax Credit Act of 2015
This bill amends the Internal Revenue Code to allow grandparents of a minor child whose family adjusted gross income does not exceed 300% of the federal poverty level a refundable tax credit for up to $500 of the cost of household items (i.e., food, clothing, and other items typically used by or for the benefit of the child) paid for the benefit of such child in a taxable year.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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