senate Bill S2761

Provides for a deduction from personal income for adoption expenses

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 01 / Feb / 2011
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 04 / Jan / 2012
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 12 / Mar / 2012
    • NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
  • 12 / Mar / 2012
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES

Summary

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.

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Bill Details

See Assembly Version of this Bill:
A7022
Versions:
S2761
Legislative Cycle:
2011-2012
Current Committee:
Senate Rules
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in Previous Legislative Cycles:
2009-2010: S5256, A6060
2007-2008: S2851, A5361

Sponsor Memo

BILL NUMBER:S2761 REVISED 05/24/11

TITLE OF BILL:
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

PURPOSE:
To allow those who adopt a child to deduct
from their gross
income tax, any and all costs incurred in legal fees, agency costs,
etc. in the adoption proceedings.

JUSTIFICATION:
Expenses incurred for adoption services should not be
taxable. This bill would delete those actual expenses from gross
income.

SUMMARY OF SPECIFIC PROVISIONS:
This bill will amend subsection (c) of
§ 612 of the Tax Law. Paragraph 39 is added to allow the amount of
adoption agency fees, medical fees, legal fees, court costs, and
other related expenses associated with adoption proceedings paid by a
taxpayer to be deducted from personal gross income expenses incurred
in the adoption of a child.

LEGISLATIVE HISTORY:
A.567 of 1992
A.3864 of 1993-1994
S.2729 of 2001-2002
S.3853 of 2003-2004
S.2240 of 2005-2006
S.2851/A.5361 of 2007-2008
2009-10: S.5256/A.6060 (Errigo) - Referred to Senate Investigations
& Govt. Operations/Assembly Ways and Means

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
This act shall take effect immediately and shall apply
to all taxable years beginning on or after the first day of January
in the year in which it shall have become law.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2761

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 1, 2011
                               ___________

Introduced  by  Sen. HASSELL-THOMPSON -- read twice and ordered printed,
  and when printed to be committed to the  Committee  on  Investigations
  and Government 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:

  Section 1.  Subsection (c) of section 612 of the tax law is amended by
adding a new paragraph 39 to read as follows:
  (39) THE AMOUNT OF ADOPTION AGENCY FEES AND ANY AND  ALL  MEDICAL  AND
LEGAL  FEES, COURT COSTS AND ANY OTHER RELATED EXPENSES PAID OR INCURRED
BY A TAXPAYER DURING THE TAXABLE YEAR IN CONNECTION WITH THE ADOPTION OF
A CHILD.
  S 2.  This act shall take effect immediately and shall  apply  to  all
taxable  years beginning on or after the first of January in the year in
which it shall have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06445-01-1

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