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NY A10574
Bill
Status
3/13/2026
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
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Creates a New York State personal income tax deduction for adoption-related expenses including agency fees, medical and legal fees, court costs, and other related expenses
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Allows taxpayers to deduct the full amount of qualifying adoption expenses paid or incurred during the taxable year
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Amends Section 612 of the tax law by adding a new paragraph 48 to the list of allowable deductions from gross income
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Takes effect immediately upon becoming law and applies to taxable years beginning on or after January 1 of the year of enactment
Legislative Description
Provides for a deduction against personal gross income in an amount equal to fees, costs and expenses paid or incurred including legal fees and agency costs in connection with the adoption of a child.
Last Action
referred to ways and means
3/13/2026