S3332-2013 Actions

• Feb 1, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S3332-2013 Memo

BILL NUMBER:S3332

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.

S3332-2013 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         3332
 2013-2014 Regular Sessions
 I N  SENATE
 February 1, 2013
 
 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.
 LBD06459-01-3

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