SB 585 - Champion, Norma
Modifies conflicting language relating to special needs children adoption tax credits
Bill Details
Sponsor
LR Number
3092S.02I
Title
SB 585
House Handler
N/A
Journal Page
Effective Date
August 28, 2006
Committee
Current Status
Removed S Consent Calendar
Quick Links
Amendments
No amendments available
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