Yes, the gentleman is correct. The credit would be available for all reasonable and necessary expenses required by a State as a condition of the adoption. By way of example, expenses could include the cost of construction, renovations, alterations, or purchases specifically required by the State to meet the needs of a child as a condition of the adoption.
Discussing tax credits related to adoption expenses during a House floor debate.
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Tax reform gives us the opportunity to address these matters, to ease frustrations, and to restore faith and confidence in our tax systems.
Can you tell me how cuts to Medicare or Medicaid will help working class people?
I don't think we can afford to charge our kids and our grandkids with tax cuts that we give out today.
Well, needless to say, for one who continued to do his own tax return, simplification has a lot of appeal to me.
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