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NY S06898
Bill
Status
12/11/2019
Primary Sponsor
Christopher Jacobs
Click for details
AI Summary
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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.
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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.
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Requires the Tax Commissioner to include space on personal income tax forms and descriptions of the adoption access fund in tax instruction booklets.
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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.
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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