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Senator David Gallegos Proposes Tax Credit Increase for Special Needs Adoptions

Senator David Gallegos Proposes Tax Credit Increase for Special Needs Adoptions

Senate Bill 277 increases tax credit for families who adopt special needs children by 100%


SANTA FE – Senate Bill 277 was today considered by the Senate Tax, Business and Transportation Committee where it received bipartisan support. The bill, sponsored by Senator David Gallegos (R-Eunice), seeks to increase the tax credit given to families who adopt special needs children from $1,000 to $2,000 annually. The credit amount has not been adjusted since it was first passed in 2007.

Senator Gallegos issued the following statement regarding his bill:

“I want to thank the foster families and adoptive families who work to support and love our special needs children. This credit is a small ask but it would make a big difference for these families who have already sacrificed so much to give their children the best life possible. I hope the bill will be included in the final budget approved by the Senate Finance Committee and I urge my colleagues to support this effort.”

Senate Bill 277 will be held in the Senate Tax, Business and Transportation Committee until the state budget framework is completed.

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