Creates an adoption tax credit

This bill proposes creating a tax credit to help offset the costs of legally adopting a child. It directly affects resident taxpayers who incur qualified adoption expenses, such as fees, court costs, and attorney fees. Under the plan, eligible individuals could claim a credit equal to fifty percent of their expenses, up to a maximum of ten thousand dollars per year. If the calculated credit exceeds the taxpayer's tax liability for that year, the remaining amount would be refunded without interest. The changes would apply to tax years beginning on or after January 1, 2025.