SB 3 - Loudon, John
Allows the full amount of adoption tax credites to be issued regardless of whether the adoption is an in-state or out-of-state adoption
Bill Details
Sponsor
LR Number
0413S.04P
Title
SCS SB 3
House Handler
N/A
Journal Page
N/A
Effective Date
Emergency Clause
Committee
Current Status
S Informal Calendar S Bills for Third Reading
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 3 - This act places a cap on the cumulative amount of tax credits claimed in any one fiscal of four million dollars. The credit allowable for nonrecurring adoption expenses will be reduced to the same degree the federal adoption tax credit is reduced by the income limit set forth in federal adoption tax credit law.
This act contains an emergency clause and is similar to SB 500 (2003) and SB 806 (2004).
JASON ZAMKUS