Bill
S 6092
Allows New York taxpayers to count foreign dependent children for state taxes, expanding credits/deductions and affecting households with foreign dependents.
Status and timeline
- Introduced: March 5, 2025
- Current status: REFERRED TO BUDGET AND REVENUE
- Legislative actions: 2025-03-05: Referred to Budget and Revenue
What the bill is about (based on the title)
- The bill’s title suggests creating a statutory framework to “include” foreign dependent children for New York state tax purposes. In practical terms, this would typically relate to allowing certain foreign dependent children to be counted for state tax calculations—potentially affecting credits, deductions, or exemptions available to taxpayers.
Important note: The full text of the bill is not provided here. The bullets below outline likely areas such a measure would address and the reasonable implications, but specific provisions (definitions, eligibility criteria, credit amounts, and applicable tax years) will depend on the actual language of the bill.
Potential provisions the bill could include (subject to the enacted text)
- Definitions
- A precise definition of “foreign dependent child” for purposes of the New York tax code.
- Eligibility and criteria
- Who qualifies as a dependent child (e.g., age limits, residency status, relationship requirements) and any special rules for children not residing in the state.
- Tax benefits affected
- Which tax mechanisms would include foreign dependent children (e.g., state child tax credits, dependent exemptions, deductions, or other credits).
- Any phase-in/phase-out ranges based on income or filing status.
- Compliance and administration
- Documentation requirements, verification, and auditing processes.
- Roles of the Department of Taxation and Finance and taxpayer obligations.
- Effective date and sunset
- When the provisions would take effect and whether they would be permanent or subject to renewal.
- Fiscal impact
- Estimates of revenue impact, administration costs, and potential funding sources (if available in the fiscal note).
Who would be affected
- Primary: New York state taxpayers who have foreign dependent children and claim them on state taxes.
- Administrative: New York Department of Taxation and Finance, which would implement definitions, forms, and compliance measures.
- Broader: Could influence household tax planning for families with foreign dependents and potentially affect state revenue.
Procedural notes and next steps
- With the bill referred to Budget and Revenue, the next steps typically include:
- Review by the Budget and Revenue committee, including fiscal impact analysis.
- Potential committee hearings and amendments.
- Floor consideration in the Senate if advanced, followed by passage to the Assembly and eventual governor action.
- If similar measures were pursued in prior sessions (listed related bills from prior sessions), they may inform committee discussions or provide context for potential amendments.
Related bills (prior sessions)
- S 2785, S 3201, S 7622, S 2703, S 5004, S 5470, S 7188
If you can provide the bill text or a sponsor memo, I can produce a more precise, provision-by-provision summary with exact definitions, eligibility rules, and fiscal implications.
Compiled from official sources — confirm details with the bill’s official record.
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