Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 12, 2016 |
referred to investigations and government operations |
Senate Bill S7685
2015-2016 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-S7685 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10154
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง612, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6458
2013-2014: S3382
2017-2018: S1354, A8193
2019-2020: S5084, A6689
2021-2022: S6724
2023-2024: S598
2015-S7685 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7685 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 in the foster care system PURPOSE OR GENERAL IDEA OF THE BILL : To create incentives to decrease the number of children in foster care waiting to be adopted. This legislation creates a tax deduction for all expenses incurred by family adopting children from the foster care system. SUMMARY OF SPECIFIC PROVISIONS : Section 1: Subsection (c) of section 612 of the tax law is amended by adding a new paragraph 39 which lists income tax deductibles for eligible families adopting a child in the foster care system. Section 2: Provides for immediate effective date and shall apply to all taxable years beginning on or after the first of January in the year in which it shall have become law. JUSTIFICATION :
2015-S7685 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7685 I N S E N A T E May 12, 2016 ___________ Introduced by Sen. ESPAILLAT -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations 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 in the foster care system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (c) of section 612 of the tax law is amended by adding a new paragraph 44 to read as follows: (44) THE AMOUNT OF ADOPTION FEES INCLUDING ANY AND ALL MEDICAL AND LEGAL FEES, COURT COSTS AND ANY OTHER RELATED EXPENSES PAID OR INCURRED BY A TAXPAYER DURING THE TAXABLE YEAR IN CONNECTION WITH THE ADOPTION OF A CHILD IN THE FOSTER CARE SYSTEM. S 2. This act shall take effect immediately and shall apply to all taxable years beginning on or after the first of January in the year in which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05615-02-6
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