Bill Text: NY A01631 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 1631

Introduced

Bill Title: Provides for a tax deduction for the adoption of a child with special needs of an amount equal to $10,000.

Spectrum: Bipartisan Bill

Status: (Introduced) 2024-01-03 - referred to ways and means [A01631 Detail]

Download: New_York-2023-A01631-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          1631

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 17, 2023
                                       ___________

        Introduced  by  M.  of  A.  SIMON  --  Multi-Sponsored  by  --  M. of A.
          BICHOTTE HERMELYN, WILLIAMS -- read once and referred to the Committee
          on Ways and Means

        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 6 to read as follows:
     3    (6) 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, 2023.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02634-01-3