S. 2316 · 108th Congress

Adoption Assistance Act

Stage
In committee
Introduced
2004-04-08
Latest action
2004-04-08 · Introduced in Senate

Summary

Adoption Assistance Act - Amends the Internal Revenue Code to permit withdrawals from an individual retirement account without penalty for certain adoption expenses. Limits the amount of such withdrawals, except for children with special needs, to the lesser of $10,000 or the excess of adoption expenses over the amount of the income tax credit for adoption expenses.