HB 1139 -- Adoption Tax Credits

Sponsor:  Viebrock

Currently, there is a $2 million aggregate cap on the special
needs child adoption tax credit.  This bill removes that cap.

The bill also creates a tax credit for the adoption of domestic
special needs children, to be known as Rachael's Law.  Beginning
January 1, 2005, individuals who proceed in good faith with the
adoption of a domestic special needs child are eligible for a tax
credit of up to $10,000 for nonrecurring adoption expenses.
Businesses providing funds to an employee to assist with the
adoption of a domestic special needs child are eligible for a tax
credit of up to $5,000 for nonrecurring adoption expenses.

The provisions of the section creating the domestic special needs
child adoption tax credit will expire six years from the
effective date.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:14 am