Bill Text: NY S03484 | 2021-2022 | General Assembly | Introduced

New York Senate Bill 3484 (Prior Session Legislation)

Introduced

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO BUDGET AND REVENUE [S03484 Detail]

Download: New_York-2021-S03484-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          3484

                               2021-2022 Regular Sessions

                    IN SENATE

                                    January 29, 2021
                                       ___________

        Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        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

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1.  Subsection (c) of section 612 of the tax law is amended by
     2  adding a new paragraph 44 to read as follows:
     3    (44)  The  amount  of adoption agency fees and any and all medical and
     4  legal fees, court costs and any other related expenses paid or  incurred
     5  by a taxpayer during the taxable year in connection with the adoption of
     6  a child.
     7    §  2.    This act shall take effect immediately and shall apply to all
     8  taxable years beginning on or after the first of January in the year  in
     9  which it shall have become a law.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07568-01-1