Bill > HF965

Introduced Session

This bill relates to the adoption tax credit available against the individual income tax. Currently, the tax credit equals up to $5,000 of qualified adoption expenses per adoption. The bill increases the tax credit to equal up to $20,000 of qualified adoption expenses per adoption. Any credit in excess of the tax liability is refundable. “Qualified adoption expenses” means unreimbursed expenses paid or incurred in connection with the adoption of a child, including medical and hospital expenses of the biological mother which are incident to the child’s birth, welfare agency fees, legal fees, and all other fees and costs which relate to the adoption of a child. “Child” means an individual under 18 years of age. Current law in Code section 422.12A(4) determines the tax year when qualified adoption expenses are allowed. The bill takes effect upon enactment and applies retroactively to tax years beginning on or after January 1, 2024, for adoptions finalized on or after that date.

AI Summary

Committee Categories

Eddie Andrews (R)*,  Brett Barker (R)*,  Michael Bergan (R)*,  Brooke Boden (R)*,  Jacob Bossman (R)*,  Taylor Collins (R)*,  Jon Dunwell (R)*,  Cindy Golding (R)*,  Pat Grassley (R)*,  Bill Gustoff (R)*,  Bob Henderson (R)*,  Steven Holt (R)*,  Heather Hora (R)*,  Chad Ingels (R)*,  Craig Johnson (R)*,  Megan Jones (R)*,  Barb Kniff McCulla (R)*,  Brian Lohse (R)*,  Josh Meggers (R)*,  Ann Meyer (R)*,  Carter Nordman (R)*,  Matthew Rinker (R)*,  Jennifer Smith (R)*,  Mike Vondran (R)*,  Ryan Weldon (R)*,  Hans Wilz (R)*,  Devon Wood (R)*,  Derek Wulf (R)*,  David Young (R)*, 

Withdrawn. H.J. 1219. (on 05/14/2025)

Official Document