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- S.1715
S.1715: Adoption Promotion Act of 1996
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced April 29, 1996
- Latest Major Action April 29, 1996
Bill Sponsor
Bill Cosponsors
13 (5 Democrats, 8 Republicans)
Bill Summary
Adoption Promotion Act of 1996 - Amends the Internal Revenue Code to allow an individual a tax credit of up to $5,000 for qualified adoption expenses paid or incurred during the taxable year. Provides a limitation based on modified adjusted gross income. Permits unused credit to be carried forward to the succeeding taxable year on a first-in first-out basis, but prohibits carrying forward credit to any taxable year following the fifth taxable...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| April 29, 1996 |
Introduced in the Senate by Arlen Specter (D-Pa.) |