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History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides for a deduction from personal income for adoption expenses
In Assembly Committee · Ways And Means · Sponsor Marcos Crespo
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2194
Title of bill
An act to amend the tax law, in relation to providing for a deduction from personal gross income for expenses incurred in the adoption of a child
Purpose
To allow those who adopt a child to deduct from their gross income tax, any and all costs incurred in legal fees, agency costs, etc. in the adoption proceedings.
Justification
Expenses incurred for adoption services should not be taxable. This bill would delete those actual expenses from gross income.
Summary of specific provisions
This bill will amend subsection (c) of § 612 of the Tax Law. Paragraph 42 is added to allow the amount of adoption agency fees, medical fees, legal fees, court costs, and other related expenses associated with adoption proceedings paid by a taxpayer to be deducted from personal gross income expenses incurred in the adoption of a child.
Legislative history
A.567 of 1992 A.3864 of 1993-1994 S.2729 of 2001-2002 S.3853 of 2003-2004 S.2240 of 2005-2006 S.2851/A.5361 of 2007-2008 2009-10: S.5256/A.6060 (Errigo) - Referred to Senate Investigations & Govt. Operations/Assembly Ways and Means
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall apply to all taxable years beginning on or after the first day of January in the year in which it shall have become law. NEW YORK STATE SENATE
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.