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OH HB304

Bill

Official Source

Status

Introduced

7/12/2017

Primary Sponsor

Ron Young

Click for details

Origin

House of Representatives

132nd General Assembly (2017-2018)

AI Summary

  • Amends section 5747.37 of the Revised Code to expand the personal income tax credit for adoption to include disabled adults adopted by their stepparent
  • Defines "qualifying adoptee" to include individuals under 18 years of age and individuals 18 or older who are permanently or totally disabled or determined to have an intellectual disability
  • Allows stepparents to adopt disabled adults and claim the adoption tax credit, whereas stepparent adoptions of minors remain excluded from the credit
  • Tax credit equals the greater of $1,500 or actual adoption expenses up to $10,000, and can be carried forward up to five taxable years if it exceeds tax liability
  • Applies retroactively to adoptions occurring on or after January 1, 2016, with special claiming provisions for adoptions between January 1, 2016 and January 1, 2018

Legislative Description

Extend adoption tax credit to adopting disabled adult

Taxation

Last Action

Refer to Committee: Ways and Means

9/12/2017

Committee Referrals

Ways and Means9/12/2017

Full Bill Text

No bill text available