SB 585
Modifies conflicting language relating to special needs children adoption tax credits
Sponsor:
LR Number:
3092S.02I
Committee:
Last Action:
3/1/2006 - Removed S Consent Calendar
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2006

Current Bill Summary

SB 585 - This act modifies conflicting language relating to adoption tax credits. The act removes the requirement that beginning on or after July 1, 2004, a minimum of fifty percent of the tax credits allowed must be allocated for the adoption of special needs children who are residents or wards of this state at the time of adoption. The act allows the removal of the cap on non-resident adoption tax credits if less than two million dollars in tax credits have been issued for adoptions of resident special needs children. Applications for the credit may be filed between July 1st and April 15th of each fiscal year.

JASON ZAMKUS

Amendments