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Bill > HB638


LA HB638

Provides relative to tax benefits for adoption of children from foster care and donations to foster care charitable organizations (RE DECREASE GF RV See Note)


summary

Introduced
04/19/2023
In Committee
05/25/2023
Crossed Over
05/15/2023
Passed
Dead
06/08/2023

Introduced Session

2023 Regular Session

Bill Summary

Provides relative to tax benefits for adoption of children from foster care and donations to foster care charitable organizations (RE DECREASE GF RV See Note)

AI Summary

This bill amends existing Louisiana law to provide tax benefits for adoption of children from foster care and donations to foster care charitable organizations. Specifically, it allows the Department of Revenue to create an alternative process for claiming the tax deduction for adopting a child from foster care if the current process is burdensome. It also modifies the requirements for an organization to be considered a "qualifying foster care charitable organization" eligible for tax credits, including expanding the definition to include nonprofit foster care organizations licensed by the state. The bill applies to tax periods beginning on or after January 1, 2023.

Committee Categories

Budget and Finance

Sponsors (17)

Last Action

Read by title and returned to the Calendar, subject to call. (on 06/04/2023)

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