; and (3) by inserting at the end the following new subparagraph: (K) an individual who— (i) receives or is eligible to receive benefits under section 477 or section 477A of the Social Security Act; (ii) who has aged out of foster care; or (iii) has been in foster care at any point after age 14. . (b) Effective date The changes made by this section shall take effect on January 1, 2021. 9. Foster care development tax credit (a) In general Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to refundable credits) is amended by adding after section 36B the following new section: 36C. Credit for Foster Care Development (a) In general In the case of an individual, there shall be allowed as a credit against the tax imposed by this subtitle for any taxable year an amount equal to 50 percent of the contributions made by the taxpayer for the taxable year to an individual development account for a current or former foster youth. (b) Definitions For purposes of this section: (1) Current or former foster youth The term current or former foster youth means any individual— (A) currently in foster care; (B) who was in foster care at any point after age 14