SB 209

Session
Regular Session 2018
Title
Taxation, tax credit for private intrastate adoptions, applicable to any private adoptions, Secs. 40-18-360, 40-18-361 am'd.
Description

Under existing law, an income tax credit is available for private intrastate adoptions

This bill would revise the defined term "private intrastate adoption" to provide for tax credits for private interstate adoptions and to remove the requirement that the birth mother and the baby must reside in this state

To amend Sections 40-18-360 and 40-18-361 of the Code of Alabama 1975, relating to tax credits for private intrastate adoption; to redefine the term private intrastate adoption; and to provide a tax credit for any private adoption of a child.

Subjects
Taxation
View Original PDF: SB 209 - Introduced - PDF

Under existing law, an income tax credit is available for private intrastate adoptions

This bill would revise the defined term "private intrastate adoption" to provide for tax credits for private interstate adoptions and to remove the requirement that the birth mother and the baby must reside in this state

To amend Sections 40-18-360 and 40-18-361 of the Code of Alabama 1975, relating to tax credits for private intrastate adoption; to redefine the term private intrastate adoption; and to provide a tax credit for any private adoption of a child.

Section 1

Sections 40-18-360 and 40-18-361 of the Code of Alabama 1975, are amended to read as follows:

§40-18-360.

As used in this article, the following terms shall have the following meanings:

(1) COMMISSIONER. The Commissioner of Revenue of the State of Alabama.

(2) PRIVATE INTRASTATE ADOPTION. An adoption through a private agency in which the birth mother, the baby, and the adoptive parent(s) reside in Alabama.

(3) QUALIFIED FOSTER CHILD. Any individual who:

a. is in the permanent legal custody of the Alabama Department of Human Resources; and/or

b. is placed in a licensed or approved foster home by the Alabama Department of Human Resources for the purpose of adoption pursuant to an approved case plan.

§40-18-361.

A taxpayer shall be allowed a one time, refundable credit against the tax imposed by Section 40-18-2, for a private intrastate adoption or the adoption of a qualified foster child. The amount of such credit shall be $1,000 one thousand dollars ($1,000) per child adopted through a private intrastate adoption or qualified foster child to be claimed in the year in which the adoption becomes final."

Section 2

This act shall become effective on the first day of the third month following its passage and approval by the Governor, otherwise becoming law.

No articles found.
Action Date Chamber Action
March 27, 2018SAssigned Act No. 2018-549.
March 27, 2018HSignature Requested
March 27, 2018SEnrolled
March 27, 2018HConcurred in Second House Amendment
March 27, 2018SBrewbaker motion to Concur In and Adopt adopted Roll Call 1166
March 27, 2018SBrewbaker to Carry Over Adopted Voice Vote
March 27, 2018SConcurrence Requested
March 22, 2018HMotion to Read a Third Time and Pass adopted Roll Call 1057
March 22, 2018HMotion to Adopt adopted Roll Call 1056
March 22, 2018HWays and Means Education Amendment Offered
March 22, 2018HThird Reading Passed
February 22, 2018HRead for the second time and placed on the calendar 1 amendment
February 6, 2018HRead for the first time and referred to the House of Representatives committee on Ways and Means Education
February 6, 2018SMotion to Read a Third Time and Pass adopted Roll Call 315
February 6, 2018SThird Reading Passed
February 1, 2018SRead for the second time and placed on the calendar
January 23, 2018SRead for the first time and referred to the Senate committee on Education and Youth Affairs
2018-03-27
Chamber: Senate
Result: Passed
2018-03-22
Chamber: House
Result: Passed
2018-03-22
Chamber: House
Result: Passed
2018-02-06
Chamber: Senate
Result: Passed