The bill proposes the establishment of a refundable adoption tax credit, aimed at providing financial relief to families who adopt children. It includes provisions for rulemaking authority to define the parameters of the tax credit and outlines the specific eligibility criteria for applicants.

Additionally, the bill amends Section 15-30-2303 of the Montana Code Annotated (MCA) to incorporate these new provisions. It also specifies an immediate effective date for the tax credit, a retroactive applicability date to benefit those who have adopted in the past, and a termination date for the credit, ensuring that the program is time-limited.

Statutes affected:
HB0225_1.pdf: 15-30-2303
HB0225_2.pdf: 15-30-2303
HB0225_3.pdf: 15-30-2303
Amended: 15-30-2303
Introduced: 15-30-2303