SENATE WOMEN'S ISSUES, CHILDREN AND FAMILY SERVICES COMMITTEE

STATEMENT TO

SENATE, No. 1190

STATE OF NEW JERSEY

DATED: OCTOBER 7, 1996

      The Senate Women's Issues, Children and Family Services Committee reports favorably Senate Bill No. 1190.

      This bill allows taxpayers or married couples filing joint tax returns to deduct adoption expenses from their gross income. Under the provisions of the bill, the deduction cannot exceed $5,000. The bill also disallows the deduction for taxpayers or married couples filing a joint tax return with a gross income exceeding $115,000.