Senate BillIntroduced
S 4481: Creates an adoption tax credit in the amount of fifty percent of qualified adoption expenses, or ten thousand dollars, whichever is less.
What S 4481 does, verified January 12, 2026
The proposed tax credit aims to provide financial assistance to residents who adopt a child. A resident taxpayer will be allowed a credit against their tax imposed by the state in an amount equaling fifty percent of the qualified adoption expenses paid during the taxable year, up to ten thousand dollars. If the credit exceeds the taxpayer's tax for the year, the excess will be treated as an overpayment of tax to be credited or refunded, without interest. The credit will apply to taxable years beginning on and after January 1, 2026. Qualified adoption expenses include reasonable and necessary fees, court costs, attorneys' fees, and other expenses directly related to the legal adoption of a child.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO BUDGET AND REVENUE (2026-01-07)Alert me
Quick answers about S 4481
- What is the current status of S 4481?
- As of January 12, 2026, S 4481 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO BUDGET AND REVENUE".
- Did S 4481 pass?
- Not yet. S 4481 has been introduced and has not passed either house.
- Who wrote S 4481, and where is it now?
- S 4481 was authored by Sen. Jacob Ashby with 1 coauthor. Its committee of record is Senate Budget & Revenue.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO BUDGET AND REVENUE |
| Feb. 05, 2025 | REFERRED TO BUDGET AND REVENUE |
Latest bill textIntroduced version, February 5, 2025 · 308 words
STATE OF NEW YORK ________________________________________________________________________ 4481 2025-2026 Regular Sessions IN SENATE February 5, 2025 ___________ Introduced by Sens. ASHBY, WEBER -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to creating an adoption tax credit 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 (qqq) to read as follows: 3 (qqq) Adoption tax credit. (1) A resident taxpayer shall be allowed a 4 credit against the tax imposed by this article in an amount equaling 5 fifty percent of the qualified adoption expenses paid during the taxable 6 year in conjunction with such taxpayer's adoption of a child or ten 7 thousand dollars, whichever is less. If the amount of the credit allow- 8 able under this subsection for any taxable year shall exceed the taxpay- 9 er's tax for such year, the excess shall be treated as an overpayment of 10 tax to be credited or refunded in accordance with the provisions of 11 section six hundred eighty-six of this article, provided, however, that 12 no interest shall be paid thereon. 13 (2) For the purposes of this subsection, the term "qualified adoption 14 expenses" shall mean the reasonable and necessary adoption fees, court 15 costs, attorneys' fees, and other expenses that are directly related to 16 the legal adoption of a child. 17 § 2. This act shall take effect immediately and shall apply to taxable 18 years beginning on and after January 1, 2026. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD08939-01-5
Text of S 4481 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions