Bill > S06092

This bill establishes the New York State Foreign Dependent Children Tax Inclusion Act, which provides tax benefits for New York residents who financially support children living outside the United States. Starting in 2027, the bill allows individuals who provide financial support to children under 18 years old residing outside the U.S. to be considered as "head of household" for tax purposes. To qualify, taxpayers must provide documentation proving their legal relationship with the child and the amount of financial support provided. Additionally, the bill offers a $1,000 tax exemption for each foreign dependent child. Taxpayers must submit legitimate proof of support, and those who submit false or fraudulent documents may face penalties under section 685 of the state tax law. The bill aims to recognize and provide tax relief for individuals supporting children internationally, potentially benefiting immigrants or families with transnational connections who provide financial assistance to children in their home countries.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S6092