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NY A09221
Bill
Status
Introduced
2/7/2012
Primary Sponsor
Naomi Rivera
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AI Summary
- Adds a new deduction to New York State tax law allowing taxpayers to deduct adoption-related expenses from personal gross income
- Eligible expenses include adoption fees, medical fees, legal fees, court costs, and any other related expenses incurred during the taxable year
- Deduction applies only to adoptions of children in the foster care system
- Takes effect immediately upon enactment and applies to all taxable years beginning on or after January 1st of the year the law is enacted
- Modifies Section 612(c) of the tax law by adding paragraph 39
Legislative Description
Provides for a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means2/7/2012
Full Bill Text
No bill text available