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Bill > S06724
NY S06724
NY S06724Provides for a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system.
summary
Introduced
05/13/2021
05/13/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing for a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system
AI Summary
This bill amends the tax law to provide a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system. The deduction covers adoption fees, including medical and legal fees, court costs, and other related expenses paid or incurred by a taxpayer during the taxable year. The bill applies to all taxable years beginning on or after January 1 of the year it becomes law.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S6724 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S06724&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S06724 |
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