October 1, 2012 @ 8:19 AM

 

The adoption community is well aware that the federal adoption tax credit expires as of January 1, 2013. Vigorous efforts have been underway by countless adoption groups to renew the credit. On September, 21, 2012 Senator Landrieu (D-LA) introduced Senate Bill 3616 to not only continue  
the adoption tax credit, but also make it permanent and refundable. In prior years, the credit was for only a limited period, as evidenced by its present expiration at the end of 2012. Also, for most years in which the Adoption Tax Credit has been in effect, it has been a credit against tax owed, not a full refundable tax credit. This new bill, if it passes, will make the Adoption Tax Credit both permanent and refundable. As with the earlier ............

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