On the recordJuly 19, 1996
In cosponsoring this amendment with him to the welfare reform bill that would provide a refundable tax credit for the adoption expenses, I am excited about this legislation and feel that this is an important time to move it. This amendment provides tax credit support to families as they struggle with the bureaucratic process involving adoption. Many people who are aware that I have become an adoptive parent recognize the roadblocks that all of us face when we choose this course in the process of building a family. I do not want others to have the kind of difficulty that many families do in this process. That is why I have worked with others to assure that we make all-out efforts to build an adoption tax credit so that adoptive families, or those who use adoption to build families, can find it as rewarding and no more difficult than those who are successful in building a family in a natural way. This amendment changes the Internal Revenue Code of 1986 by providing a refundable tax credit for adoption expenses.
Source
govinfo.gov




