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Introduced Senate Bill (S)

DIGEST

Adoption tax credits and reporting. Provides an adjusted gross income tax credit for an individual who adopts an adult disabled child of the individual's spouse. Provides that the tax credit is equal to the lesser of: (1) the total amount of the individual's qualified adoption expenses that would have been computed as an allowable credit on the individual's federal return had the individual been entitled to claim the credit provided by Section 23 of the Internal Revenue Code for an adoption of an adult disabled child of the individual's spouse multiplied by 10%; or (2) $1,000; for each adult disabled Adoption tax credits and reporting. Provides an adjusted gross income tax credit for an individual who adopts an adult disabled child of the individual's spouse. Provides that the tax credit is equal to the lesser of: (1) the total amount of the individual's qualified adoption expenses that would have been computed as an allowable credit on the individual's federal return had the individual been entitled to claim the credit provided by Section 23 of the Internal Revenue Code for an adoption of an adult disabled child of the individual's spouse multiplied by 10%; or (2) $1,000; for each adult disabled child. Provides that a petition for adoption of an adult is not required to include a report regarding the health status and medical history of the adoptee. ... View more