Bill > A10574

This bill proposes to amend the tax law to allow individuals to deduct certain expenses incurred when adopting a child from their personal gross income, which is the total income an individual earns before any deductions. Specifically, taxpayers will be able to subtract the costs associated with adoption, including fees paid to adoption agencies, medical and legal fees, court costs, and any other related expenses, from their taxable income. This deduction will apply to all taxable years beginning on or after January 1st of the year the bill becomes law, and it takes effect immediately.