SB 455
Modifies provisions relating to a tax credit for adoption expenses
Sponsor:
LR Number:
1760S.01I
Last Action:
3/8/2023 - Hearing Cancelled S Progress and Development Committee
Journal Page:
Title:
Effective Date:
August 28, 2023

Current Bill Summary

SB 455 - Current law authorizes a nonrefundable tax credit for nonrecurring adoption expenses, with an annual limit of $6 million dollars in tax credits. This act makes the tax credit refundable, removes the $6 million limit, and provides that, for tax years ending on or before December 31, 2023, priority for authorizing tax credits shall be given to applications for special needs children who are residents or wards of residents of this state.

JOSH NORBERG

Amendments

No Amendments Found.