S.F. 486 Section 1. Section 422.9, subsection 2, Code 2017, is 1 amended by adding the following new paragraph: 2 NEW PARAGRAPH . 0d. Add the amount paid or incurred by 3 a taxpayer, who is a licensed foster care provider, for 4 out-of-pocket necessary expenditures made by the taxpayer to 5 facilitate foster child visitations with the child’s parent, 6 which expenditures are not covered by foster care payments 7 to the taxpayer. For purposes of this paragraph, “necessary 8 expenditures” means items including but not limited to baby 9 food, baby formula, diapers, and snack foods, which are 10 purchased exclusively for use during scheduled visitations with 11 the child’s parent. 12 EXPLANATION 13 The inclusion of this explanation does not constitute agreement with 14 the explanation’s substance by the members of the general assembly. 15 This bill relates to tax deductions for foster care. The 16 bill provides that a taxpayer may deduct from Iowa net income 17 necessary expenditures paid or incurred in connection with 18 providing foster care to a child. For purposes of the bill, 19 necessary expenditures means items including but not limited to 20 baby food, baby formula, diapers, and snack foods, which are 21 purchased exclusively for use during scheduled visitations with 22 the child’s parent. 23 -1- LSB 2163SS (3) 87 hb/rj 1/ 1