HR 14304 · 93th Congress · Adoption

Adoption Opportunity Act

Introduced 1974-04-23· Sponsored by Rep. Schneebeli, Herman T. [R-PA-17]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-04-23)

Plain Language Summary

[AI summary unavailable — showing source text] Adoption Opportunity Act - Allows a deduction from gross income under the Internal Revenue Code for social agency, legal, and related expenses incurred in connection with the adoption of a child by a taxpayer. Defines, for purposes of this Act, the term "adoption expense". States that the allowable deduction amount shall not exceed $1,250 for any one child. (Adds 26 U.S.C. 218)…

Summarized by Claude AI · Non-partisan · For informational purposes only