Adoption Tax Credits Modification Proposed In Missouri House
Republican Representative Hannah Kelly of Mountain Grove is proposing to modify Missouri’s adoption tax credit.
Under current law, a person who adopts a child is eligible to receive a tax credit of up to $10,000 for nonrecurring expenses.
Kelly’s proposal states that, as of July, the adoption limit would be lifted and by next year, any amount that is issued that exceeds the tax due will be refunded.
Kelly tells Newstalk KZRG that, not only has she both adopted and fostered, she recognizes that the costs can be expensive…“(I) needed more things than what the allowance would cover, and I was blessed to be able to get those things for them but looking back it would have been so wonderful to be able to, you know, to apply towards a foster care tax credit at the end of the year to help balance my own books.”
Written testimony opposing her sponsored bill states that this is akin to the commodification of children and that the current $10,000 per year limit is already generous.
The House could debate her bill at any time.