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Bill > A07811


NY A07811

NY A07811
Provides for a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system.


summary

Introduced
05/25/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
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 proposes to amend the New York tax law to allow for a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system. The deductible expenses include adoption fees, medical and legal fees, court costs, and any other related expenses paid or incurred by the taxpayer during the taxable year. The bill would apply to all taxable years beginning on or after January 1 of the year it becomes law.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

referred to ways and means (on 01/05/2022)

bill text


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