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Proposal would create refundable Nebraska adoption tax credit equal to 10% of federal credit; supporters say it reduces financial barriers
Summary
Sen. Eliot Bostar introduced LB709 to create a refundable state adoption tax credit equal to 10% of the federal adoption tax credit. Proponents told the Revenue Committee the change would help families cover high adoption costs and could make adoption feasible for more households; agencies said adoption costs have climbed in recent years.
Senator Eliot Bostar introduced LB709 to establish a refundable Nebraska income-tax credit equal to 10% of the federal adoption tax credit.
Bostar told the Revenue Committee the federal credit for tax year 2024 is capped at $16,810; a 10% refundable state match would therefore be about $1,681 per adopted child. The senator said the state credit would be refundable so low-income families who lack federal tax liability could still receive support. He also recited federal income thresholds used for the…
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