Bill Text: NY S03798 | 2017-2018 | General Assembly | 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) 2018-01-03 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S03798 Detail]
Download: New_York-2017-S03798-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 3798 2017-2018 Regular Sessions IN SENATE January 27, 2017 ___________ Introduced by Sen. BAILEY -- 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 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 42 to read as follows: 3 (42) 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. LBD08681-01-7
