Bill Text: NY A07145 | 2017-2018 | General Assembly | Amended
Bill Title: Provides for a tax deduction for the adoption of a child with special needs.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-02-23 - print number 7145a [A07145 Detail]
Download: New_York-2017-A07145-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 7145--A 2017-2018 Regular Sessions IN ASSEMBLY April 10, 2017 ___________ Introduced by M. of A. SIMON -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee 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, 2018. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09488-03-8