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Legislative Year: 2023 Change
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Bill Detail: HB23-1046

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Title Tax Credit Pre-adoption Leave
Status Introduced In House - Assigned to Finance (01/09/2023)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors R. Armagost (R)
Senate Sponsors
House Committee Finance
Senate Committee
Date Introduced 01/09/2023
Summary

Beginning January 1, 2024, an employer is allowed an income tax
credit in an amount equal to 50% of the employer's expenses incurred
from voluntarily paying:
  • An employee during a period of leave for the purpose of
adopting a child; and
  • For temporary replacement help, if any, during an
employee's pre-adoption.
The maximum amount of pre-adoption leave for which an
employer can claim the credit is 12 weeks per employee. To be eligible
for the credit, an employer must have a written policy offering
pre-adoption leave. The credit is limited to pre-adoption leave for
employees who have been employed for at least one year and who for the
preceding year earned less than $80,000. The credit does not include the
cost of any compensation in addition to wages that an employer pays or
provides to an employee.

Committee Reports
with Amendments
None
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