Bill > S07884

This bill proposes to amend the New York State tax law by creating a new tax deduction for individuals who adopt a child from the foster care system. Specifically, the bill allows taxpayers to deduct all expenses related to such an adoption, including adoption fees, medical fees, legal fees, court costs, and any other associated expenses incurred during the taxable year. By providing this tax deduction, the bill aims to financially support and potentially incentivize foster care adoptions, which can help children find permanent homes and reduce the number of children in the foster care system. The bill will take effect immediately and apply to all taxable years beginning on or after January 1st of the year in which it becomes law, giving taxpayers a new financial benefit for adopting foster children.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S7884