THE CENTER SQUARE – Higher tax incentives for adoption could result in Georgia revenue loss of more than $12M
Gov. Brian Kemp’s proposal to increase foster care adoption tax credits could result in a state revenue loss of $12.8 million over the next five years, according to fiscal researchers.
Kemp wants the General Assembly to increase the annual tax incentive from $2,000 to $6,000 to promote more adoptions from the state’s foster care system. Rep. Bert Reeves, R-Marietta, has considered drafting a proposal of the bill, according to a fiscal note from the Department of Audits and Accounts….
Buzz Brockway, vice president of public policy for the independent, nonpartisan think tank Georgia Center for Opportunity, said that “a stable, healthy family is a crucial part” of success.
“At the very top of our policy agenda should be protecting the kids in the foster care system, and right alongside that is supporting these foster parents who are called to a mission unlike any other,” he said