S 2316
108th Congress
Senate
Taxation
Adoption
Annuities
Costs
Families
Income tax
Individual retirement accounts
Labor and Employment
Pension funds
Tax exclusion
Tax penalties
Tax-deferred compensation plans
Adoption Assistance Act
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 8, 2004
Read twice and referred to the Committee on Finance.
Apr 8, 2004
Sponsor introductory remarks on measure. (CR S4053)
Apr 8, 2004
Introduced in Senate
Plain-English summary
Adoption Assistance Act - Amends the Internal Revenue Code to permit withdrawals from an individual retirement account without penalty for certain adoption expenses. Limits the amount of such withdrawals, except for children with special needs, to the lesser of $10,000 or the excess of adoption expenses over the amount of the income tax credit for adoption expenses.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1