BILL NUMBER: S2287
SPONSOR: BAILEY
 
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 personal gross
income all costs incurred with respect to adoption proceedings, includ-
ing legal fees and agency costs.
 
SUMMARY OF SPECIFIC PROVISIONS::
This bill amends the relevant tax law provision to allow expenses asso-
ciated with adoption proceedings to be deducted from personal gross
income.
 
JUSTIFICATION::
Expenses incurred for adoption services and other related fees should
not be taxable. This bill would delete those actual expenses from gross
income.
 
LEGISLATIVE HISTORY::
2017-18: Referred to Investigations and Government Operations
2019-20: Referred to Budget and Revenue
2021-22: Referred to Budget and Revenue
2023-24: Referred to Budget and Revenue
 
FISCAL IMPLICATIONS::
To be determined.
 
EFFECTIVE DATE::
Immediately, with provisions.

Statutes affected:
S2287: 612 tax law, 612(c) tax law