A05163 Summary:
| BILL NO | A05163 |
| SAME AS | SAME AS S07884 |
| SPONSOR | Solages |
| COSPNSR | |
| MLTSPNSR | |
| Amd §612, Tax L | |
| Provides for a deduction from personal gross income for expenses incurred in the adoption of a child in the foster care system. | |
A05163 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 5163 2025-2026 Regular Sessions IN ASSEMBLY February 12, 2025 ___________ Introduced by M. of A. SOLAGES -- read once and referred to the Commit- tee on Ways and Means 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: 1 Section 1. Subsection (c) of section 612 of the tax law is amended by 2 adding a new paragraph 48 to read as follows: 3 (48) The amount of adoption fees including 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 in the foster care system. 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. LBD09188-01-5