Bill Text: NY A01631 | 2023-2024 | General Assembly | Introduced
Bill Title: Provides for a tax deduction for the adoption of a child with special needs of an amount equal to $10,000.
Spectrum: Bipartisan Bill
Status: (Introduced) 2024-01-03 - referred to ways and means [A01631 Detail]
Download: New_York-2023-A01631-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1631 2023-2024 Regular Sessions IN ASSEMBLY January 17, 2023 ___________ Introduced by M. of A. SIMON -- Multi-Sponsored by -- M. of A. BICHOTTE HERMELYN, WILLIAMS -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing a tax deduction for the adoption of a child with special needs The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (d) of section 615 of the tax law is amended by 2 adding a new paragraph 6 to read as follows: 3 (6) an amount equal to ten thousand dollars for the adoption of a 4 child with special needs. The amount allowed by this paragraph may be 5 used by a taxpayer to increase his or her deduction in each year that 6 the taxpayer is the legal parent of a child with special needs. 7 For purposes of this paragraph, a child with special needs shall mean 8 any child who is under the age of twenty-one and who possesses a specif- 9 ic physical, mental, or emotional condition or disability of such sever- 10 ity or kind that, in the opinion of the office of children and family 11 services, would constitute a significant obstacle to the child's 12 adoption. 13 § 2. This act shall take effect immediately and shall apply to taxable 14 years commencing on and after January 1, 2023. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02634-01-3
