IN SB0572 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 14 2019 - 25% progression
Action: 2019-01-14 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

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.

Sponsors


History

DateChamberAction
2019-01-14SenateFirst reading: referred to Committee on Appropriations
2019-01-14SenateAuthored by Senator Koch

Indiana State Sources


Bill Comments

feedback