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ID H0453
Bill
Status
3/20/2018
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Increases the maximum income tax deduction for adoption expenses from $3,000 to $10,000 for adoptive parents in Idaho.
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Applies the increased deduction to legal fees, court costs, and medical expenses related to child adoption, but excludes travel costs.
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Changes the effective date of the adoption expense deduction law from January 1, 1994 to January 1, 2018.
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Declares an emergency and provides retroactive application to January 1, 2018, allowing the increased deduction to apply to eligible 2018 tax returns.
Legislative Description
Amends existing law to increase the amount of the income tax deduction for adoption expenses to a maximum of $10,000.
ADOPTION EXPENSES
Last Action
Reported Signed by Governor on March 20, 2018 Session Law Chapter 206 Effective: Retroactive to 01/01/2018
3/20/2018