Bill Text: NY S01636 | 2011-2012 | General Assembly | Introduced
Bill Title: Establishes a foster child adoption tax credit in the amount of two thousand dollars.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2012-01-04 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S01636 Detail]
Download: New_York-2011-S01636-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
1636
2011-2012 Regular Sessions
I N S E N A T E
January 10, 2011
___________
Introduced by Sen. SAMPSON -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
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:
1 Section 1. Section 606 of the tax law is amended by adding a new
2 subsection (ss) to read as follows:
3 (SS) FOSTER CHILD ADOPTION CREDIT. (1) ALLOWANCE OF CREDIT. A RESIDENT
4 TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY THIS
5 ARTICLE FOR FOSTER CHILD ADOPTION EXPENSES.
6 (2) FOSTER CHILD ADOPTION. FOSTER CHILD ADOPTION MEANS THE ADOPTION
7 OF A FOSTER CHILD AS DEFINED IN SUBDIVISION NINETEEN OF SECTION THREE
8 HUNDRED SEVENTY-ONE OF THE SOCIAL SERVICES LAW BY A FOSTER PARENT.
9 (3) AMOUNT OF CREDIT. A RESIDENT TAXPAYER SHALL BE ALLOWED A CREDIT
10 AGAINST THE TAX IMPOSED BY THIS ARTICLE OF TWO THOUSAND DOLLARS.
11 S 2. This act shall take effect immediately and shall apply to taxable
12 years commencing on or after January 1, 2013.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05882-01-1
