California Revenue and Taxation Code

§ 17052.25

RTC § 17052.25 Effective Aug 20, 1998Div. 2 · Part 10 · Ch. 2

Statute text

(a)For each taxable year beginning on or after January 1, 1994, there shall be allowed as a credit against the “net tax,” as defined in Section 17039, an amount equal to 50 percent of the costs paid or incurred by a taxpayer for the adoption of any minor child who is a citizen or legal resident of the United States and was in the custody of a public agency of either this state or a political subdivision of this state. The credit shall not exceed two thousand five hundred dollars ($2,500) per minor child.

(b)“Costs” eligible for the credit pursuant to subdivision (a) shall include the following:

(1)Fees for required services of either the Department of Social Services or a licensed adoption agency.

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Legislative history

Amended by Stats. 1998, Ch. 322, Sec. 9. Effective August 20, 1998.