Bill Summary for S 803 (2023-2024)

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Bill: HOMES OF HOPE ADOPTION TAX CREDIT.

Summary date: 

May 6 2024

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 803 (Public) Filed Thursday, May 2, 2024
AN ACT TO ENACT THE HOMES OF HOPE ADOPTION TAX CREDIT.
Intro. by Smith.

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Bill summary

Reenacts GS 105-151.32, and recodifies it as GS 105-153.11, which allows a $2,000 per child income tax credit for expenses related to adopting a child and specified foster care. Effective for taxable years beginning on or after January 1, 2024.