Bill > S07188

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 of the United States. The bill defines "dependent children" as those 18 years old or younger who live outside of the U.S. and requires taxpayers to provide proof of their legal relationship and the amount of support provided to these children. The bill also provides a $1,000 exemption for each foreign dependent child claimed. The bill takes effect immediately and authorizes the necessary rule and regulation changes to implement it.