S T A T E O F N E W Y O R K
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5930
2009-2010 Regular Sessions
I N A S S E M B L Y
February 23, 2009
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Introduced by M. of A. TOWNS, KOLB, COOK -- read once and referred to
the Committee on Ways and Means
AN ACT to amend the tax law, in relation to the establishment of a tax
credit for the adoption of a foster child
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 606 of the tax law is amended by adding a new
subsection (qq) to read as follows:
(QQ) FOSTER CHILD ADOPTION CREDIT. (1) ALLOWANCE OF CREDIT. A RESIDENT
TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY THIS
ARTICLE FOR FOSTER CHILD ADOPTION EXPENSES.
(2) FOSTER CHILD ADOPTION. FOSTER CHILD ADOPTION MEANS THE ADOPTION
OF A FOSTER CHILD AS DEFINED IN SUBDIVISION NINETEEN OF SECTION THREE
HUNDRED SEVENTY-ONE OF THE SOCIAL SERVICES LAW BY A FOSTER PARENT.
(3) AMOUNT OF CREDIT. A RESIDENT TAXPAYER SHALL BE ALLOWED A CREDIT
AGAINST THE TAX IMPOSED BY THIS ARTICLE OF TWO THOUSAND DOLLARS.
S 2. This act shall take effect immediately and shall apply to taxable
years commencing on or after January 1, 2011.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02010-01-9