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  #1  
Old 09-09-2005, 12:39 PM
lincoln7 lincoln7 is offline
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Question Adoption Tax Credit

Any new news about the $15,000 tax credit? You think it is gonna take effect in 2005?

Thanks!
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  #2  
Old 09-10-2005, 06:04 AM
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kokepelli kokepelli is offline
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i wonder this as well

bumping it up in hopes to hear
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  #3  
Old 09-10-2005, 06:38 AM
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lovemy6 lovemy6 is offline
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Considering there's only three more months left for it to be enacted, I don't see it taking place for this year's taxes. Hopefully it'll pass next year though.

(I know, no help for you this year.)
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  #4  
Old 09-10-2005, 07:18 AM
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carney10 carney10 is offline
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I am trying to research this!

It is hard to find on the net, but I also came across this bill proposal:

Dave Thomas Adoption Act of 2005
House
Latest Major Action: June 17, 2005

H.R.2968
Title: To amend the Internal Revenue Code of 1986 to allow penalty-free withdrawals from individual retirement plans for adoption expenses.


I will post on this thread as soon as I find anything.
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  #5  
Old 09-10-2005, 07:21 AM
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carney10 carney10 is offline
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So far it is just saying that latest action, as of April 12th
H.R.1561
Title: To amend the Internal Revenue Code of 1986 to expand the incentives for adoption and to amend part E of title IV of the Social Security Act to increase adoptive incentive payments.
Sponsor: Rep Ford, Harold E., Jr. [TN-9] (introduced 4/12/2005) Cosponsors (10)
Latest Major Action: 4/12/2005 Referred to House committee. Status: Referred to the House Committee on Ways and Means.
COSPONSORS(10), ALPHABETICAL [followed by Cosponsors withdrawn]: (Sort: by date)
Rep Akin, W. Todd [MO-2] - 9/6/2005Rep Bean, Melissa L. [IL-8] - 5/19/2005Rep Brown, Sherrod [OH-13] - 9/6/2005Rep Etheridge, Bob [NC-2] - 9/6/2005Rep Filner, Bob [CA-51] - 9/6/2005Rep Frank, Barney [MA-4] - 9/6/2005Rep Gordon, Bart [TN-6] - 9/6/2005Rep Leach, James A. [IA-2] - 9/6/2005Rep McCotter, Thaddeus G. [MI-11] - 9/6/2005Rep Paul, Ron [TX-14] - 9/6/2005
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Last edited by carney10 : 09-10-2005 at 07:29 AM.
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  #6  
Old 09-12-2005, 02:02 PM
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Here is the response I received back from Congressman Ford's office.
"On behalf of Congressman Ford, thanks for your message. The bill has not made it out of committee for a floor vote. We are pressuring leadership to bring it to the floor, but they have not yet done so.

As a result, I would encourage you to contact your representative in Congress and ask him or her to co-sponsor the bill. That will help generate momentum necessary to get things moving in Congress. You may also want to ask your friends and colleagues to do the same. Congress tends to act best when pushed by the people, so any attention you can bring to the bill is a good thing.

Thanks again for the message and I wish you all the best."
Lisa
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  #7  
Old 09-12-2005, 05:41 PM
Punkyboo Punkyboo is offline
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Thanks, Lisa...

for the updates. My Congressman sent me back a very nice email and he was a co-sponsor of it, but maybe others here could contact their Congressmen? So, I am bumping this up so others can see it...

Kathleen
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