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Senate Bill 289

Introduced Senate Bill (S)

DIGEST

Exemption and adoption tax credit. Establishes the personal and dependents exemption amount for state income tax purposes, and requires that it must be adjusted according to changes in the Consumer Price Index. Increases the maximum amount of the credit for adoptions from $1,000 to $2,500. Exemption and adoption tax credit. Establishes the personal and dependents exemption amount for state income tax purposes, and requires that it must be adjusted according to changes in the Consumer Price Index. Increases the maximum amount of the credit for adoptions from $1,000 to $2,500.