Bill > S05084

This bill provides for a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system. Specifically, it amends the tax law to allow taxpayers to deduct the amount of adoption fees, including medical and legal fees, court costs, and other related expenses, paid or incurred during the taxable year in connection with the adoption of a child in the foster care system. The bill takes effect immediately and applies to all taxable years beginning on or after the first of January in the year in which it becomes law.