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NY S06898

Bill

Status

Introduced

12/11/2019

Primary Sponsor

Christopher Jacobs

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Origin

Senate

2019-2020 General Assembly

AI Summary

  • Creates a new "adoption access fund" in the joint custody of the State Comptroller and Commissioner of the Office of Children and Family Services to support adoption services.

  • Allows individual taxpayers to voluntarily contribute any whole dollar amount to the adoption access fund on their personal income tax returns starting in tax year 2021.

  • Requires the Tax Commissioner to include space on personal income tax forms and descriptions of the adoption access fund in tax instruction booklets.

  • Directs fund revenues to support not-for-profit adoption agencies' operational and programmatic expenses, including legal and logistical costs that remove financial barriers to adoption access.

  • Requires the Comptroller to file annual reports by February 1st documenting fund deposits, disbursements, award recipients, and a financial plan for current and future fiscal years; protects confidentiality of fund recipients and employees.

Legislative Description

Allows taxpayers to make a gift to the adoption access fund on their personal income tax returns; establishes the adoption access fund; allows for a tax deduction for gifts made to the adoption access fund.

Last Action

RECOMMIT, ENACTING CLAUSE STRICKEN

8/11/2020

Committee Referrals

Budget and Revenue1/8/2020
Rules12/11/2019

Full Bill Text

No bill text available