Bill > S05470

This bill establishes the New York State Foreign Dependent Children Tax Inclusion Act, which authorizes a tax deduction for support provided to children residing outside the United States. It defines "dependent children" as any child of the individual who is 18 or younger, and provides a $1,000 New York exemption for each foreign dependent child. The bill also outlines requirements for providing proof of the legal relationship and financial support to the dependent child, and penalties for submitting false or fraudulent documents.