|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 12, 2012||referred to ways and means|
delivered to assembly
ordered to third reading cal.1172
reported and committed to rules
|May 31, 2012||reported and committed to finance|
|Feb 10, 2012||referred to investigations and government operations|
senate Bill S6458
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6458 - Details
- See Assembly Version of this Bill:
- Current Committee:
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L
S6458 - Summary
Provides for a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system.
S6458 - Sponsor Memo
BILL NUMBER:S6458 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 in the foster care system PURPOSE OR GENERAL IDEA OF THE BILL: In order to decrease the length of wait time for adoption of children in the foster care system and to create incentives to decrease the number of children in foster care waiting to be adopted, this legislation creates a tax deduction for all expenses incurred by the family adopting children from the foster care system. SUMMARY OF SPECIFIC PROVISIONS: Section 1: Subsection (c) of section 612 of the tax law is amended by adding a new paragraph 39 which lists income tax deductibles for eligible families adopting a child in the foster care system. Section 2: Provides for immediate effective date and shall apply to all taxable years beginning on or after the first of January in the year in which it shall have become law.
S6458 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6458 I N S E N A T E February 10, 2012 ___________ 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 in the foster care system 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 FEES INCLUDING 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 IN THE FOSTER CARE SYSTEM. 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. LBD14391-01-2
Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.
By contributing or voting you agree to the Terms of Participation and verify you are over 13.