Income tax, state; qualified adoption expenses tax credit. (HB2298)
Introduced By
Del. Chuck Caputo (D-Oak Hill)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; qualified adoption expenses tax credit. Provides a tax credit for individuals with qualified adoption expenses, in an amount up to $4,000, for taxable years beginning on or after January 1, 2009. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/14/2009 | Committee |
| 01/14/2009 | Prefiled and ordered printed; offered 01/14/09 091101456 |
| 01/14/2009 | Referred to Committee on Finance |
| 01/16/2009 | Impact statement from TAX (HB2298) |
| 02/10/2009 | Left in Finance |
Comments
We support this bill 100%!
This bill would provide financial assistance for VA residents who are proudly building their families through adoption and we support it whole-heartedly!
This is a bill that supports families, children and ultimately the entire state of Virginia. Providing a tax credit such as this ultimately allows more children to find permanent, loving families.
I support this very important bill. Adoption expenses are going through the roof and families who choose to adopt to form their family should receive some assistance in the form of tax credits - as well as decreases or caps in the amount charged to apostille documents for foreign adoptions.
I would love to see this pass. Almost no medical insurance plans in VA cover infertility treatment and VA does not mandate such coverage. (Although Maryland does.) For those who cannot afford to pursue infertility treatment, it would be a help to have an adoption tax credit towards building a family. I wish we could have both!