Creates an income or corporate excise tax credit allowed to a taxpayer that employs a foster child or a former foster child.

Summary

Digest: The Act makes a new tax credit for employment of foster children or former foster children. (Flesch Readability Score: 63.6). Creates an income or corporate excise tax credit allowed to a taxpayer that employs a foster child or a former foster child. Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032. Takes effect on the 91st day following adjournment sine die.