H.R.4373 - Making Adoption Affordable Act of 2012112th Congress (2011-2012)
|Sponsor:||Rep. Braley, Bruce L. [D-IA-1] (Introduced 04/17/2012)|
|Committees:||House - Ways and Means|
|Latest Action:||04/17/2012 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.4373 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (04/17/2012)
Making Adoption Affordable Act of 2012 - Makes permanent provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 allowing an increased tax credit for adoption expenses and an increased exclusion from gross income for amounts paid by an employer for adoption expenses.
Amends the Internal Revenue Code to reinstate and make permanent: (1) the increase in the tax credit for adoption expenses and the increased exclusion from gross income for amounts paid by an employer for adoption expenses that were enacted by the Patient Protection and Affordable Care Act, (2) the annual inflation adjustments for such increased amounts, and (3) the refundability of the tax credit for adoption expenses.