Roadrunner Capitol Reports
Legislation Detail

SB 117 SPECIAL NEEDS ADOPTED CHILD TAX CREDIT

Sen David M Gallegos

Actions: [1] SCC/STBTC/SFC-SCC

Scheduled: Not Scheduled

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Summary:
 Senate Bill 117 (SB 117) increases the amount of the Special Needs Adopted Child Tax Credit.
Legislation Overview:
 Senate Bill 117 (SB 117) increases the Special Needs Adopted Child Tax Credit (credit) from $1,000 to $1,500 

The Taxation and Revenue Department (TRD) will compile an annual report with information necessary to evaluate the credit. The report will be presented to relevant interim committees with a cost analysis of the credit. 

SB 117 is effective Tax Year 2024.
Bill Docs