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On June 4, the U.S. House of Representatives passed legislation (H.R.4800) by a vote of 391-1 to remove the sunset provision from the adoption tax credit, which is currently set to expire December 31, 2010.
When they added the special needs adoption flat tax credit, they made it effective beginning in the 2003 tax year. While the House bill only addresses the sunset provision, Senator Jim Bunning (R-KY) and Mary Landrieu (D-LA) have agreed to offer an amendment that would make the special needs adoption flat tax credit effective beginning in the 2002 tax year.
By delaying the start of the special needs adoption flat tax credit, Congress created a disincentive for families to finalize adoptions of children with special needs this year. Congress does not take action, the $10,000 adoption tax credit will expire at the end of 2010, and the flat tax credit for special needs adoption won’t take effect until tax year 2003.
What can you do to take action? Write, call, fax, or e-mail and ask your Senator to support amendments to H.R. 4800 that would make the special needs adoption flat tax credit effective beginning in the 2002 tax year.
Call the Capitol switchboard to be connected to a Senator or Representative (202-224-3121). For e-mail addresses and other contact information for each Senator, go to www.senate.gov/contacting/index.cfm.When expressing your support for an amended H.R.4800, please share any stories you have about families who have delayed an adoption in order to be able to access the flat tax credit. For more background on the adoption tax credit, go to the North American Council on Adoptable Children’s web site: www.nacac.org
(Information was pulled from the North American Council on Adoptable Council web site.)
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