Relating to the adoption tax credit available against the individual income tax

Dónde está ahora

1. ✓
   Hecho: Presentado15 de enero de 2021
2. ✓
   Hecho: Subcomité20 de enero de 2021
3. ✓
   Hecho: Comité de la Cámara2 de febrero de 2021
4. –
   Se saltó: Lo aprueba la CámaraSigue como HF 369
5. Sigue: Comité del Senado
6. Sigue: Lo aprueba el Senado
7. Sigue: A gobernador(a)
8. Sigue: Firmado como ley

Ahora es HF 369 → Sigue avanzando con el número nuevo. Ir a HF 369 ¿Qué es el embudo (funnel)?

Qué contiene

La explicación oficial está en inglés; todavía no hay resumen en palabras sencillas.

This bill relates to the adoption tax credit available against the individual income tax. Currently, the adoption tax credit equals the amount of qualified adoption expenses paid or incurred by the taxpayer in connection with the adoption of a child, not to exceed $5,000 per adoption. The bill phases in an increase to the maximum amount of the adoption tax credit as follows: for the tax year beginning January 1, 2022, the maximum amount of the adoption tax credit increases from $5,000 per adoption to $7,500 per adoption; and for tax years beginning on or after January 1, 2023, the maximum amount of the tax credit increases from $7,500 per adoption to $10,000 per adoption.

Texto completo del proyecto (en inglés)¹

Nota fiscal

The proposed increases in the maximum amount of the refundable Adoption Tax Credit are projected to reduce net General Fund revenue by $310,000 in FY 2023 and $625,000 in FY 2024 and after. Fiscal Note Fiscal Services Division 2 Source Department of Revenue /s/ Holly M. Lyons February 8, 2021 Doc ID 1211783 The fiscal note for this Bill was prepared pursuant to Joint Rule 17 and the Iowa Code.

• Adoption Tax Credit · 8 de febrero de 2021

Cómo leer una nota fiscal²