Bill Text: NY S04121 | 2015-2016 | General Assembly | Amended

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Bill Title: Provides for a tax deduction for the adoption of a child with special needs.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Vetoed) 2016-11-28 - VETOED MEMO.272 [S04121 Detail]

Download: New_York-2015-S04121-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         4121--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                      March 2, 2015
                                       ___________
        Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations -- recommitted to the Committee on Investigations  and
          Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        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 5 to read as follows:
     3    (5)  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, 2016.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08564-03-6