[r32] Rep. Turner supports bill to provide tax credits for adopting households (1/15/2014)

Wednesday, January 15, 2014

Start Date: 1/15/2014 All Day
End Date: 1/15/2014
Rep. Turner supports bill to provide tax credits for adopting households

STATEHOUSE – State Representative P. Eric Turner (R-Cicero) supports House Bill (HB) 1222, which would provide a state tax credit for individuals that adopt a child.

HB 1222 would establish an adjusted gross income tax credit for individuals that qualify for the federal adoption credit. If enacted, qualifying Hoosiers would be eligible for a state tax credit equal to 10 percent of the qualifying federal adoption credit amount claimed on their federal income tax return starting in 2015.

“The governor has stated his support for this bill and wanting to make Indiana the most pro-adoption state in the country,” said Rep. Turner. “I echo his sentiments as the intent of this bill is to lessen the financial burdens for families seeking an adoption. This tax credit, combined with the federal credit, would really help Hoosiers who answer the life changing call to adopt a child.”

The Federal Adoption Tax Credit was created to offset the costs associated with the adoption process like adoption fees, court costs, attorney fees and numerous other expenses. A state credit like the one proposed in HB 1222 would help to further offset those expenses.

HB 1222 would also establish the Interim Committee on Adoption, which would research adoption programs in other states and within the state, make recommendations for improving adoption programs in Indiana and report their findings to the governor and the Department of Child Services. The committee, consisting of 9 members appointed by the governor, would review the relationships between state agencies and private, faith-based and community organizations in other states across the nation to determine potential ways for Indiana to improve its adoption programs.

“We want to explore all avenues for improving our adoption system to better connect children in need of a home with those Hoosiers who want to adopt,” Rep. Turner said.

HB 1222 was approved by the Family, Children and Human Affairs Committee today and has now been assigned to Ways and Means for further consideration because of the bill’s fiscal impact.

Rep. Turner plans to co-author the bill with Rep. Rebecca Kubacki (R-Syracuse).