Bill > S1652

This bill amends the Internal Revenue Code to make the tax credit for adoption expenses refundable. Specifically, it redesignates the existing adoption tax credit from section 23 to section 36C and moves it to the section of the tax code dealing with refundable credits. This change makes the credit refundable, meaning taxpayers can receive it as a refund even if they do not have enough tax liability to offset the full credit amount. The bill also makes various conforming amendments to other sections of the tax code to reflect this change. The amendments would apply to taxable years beginning after December 31, 2018.