Bill > S00436

This bill extends the expiration date of the personal income tax surcharge for the city of Yonkers from 2026 to 2028, modifying several sections of the New York tax law. The bill specifically changes multiple references to the tax surcharge's timeframe, replacing "twenty-six" with "twenty-eight" across different sections of existing law. The personal income tax surcharge, which applies to residents of cities with populations between 180,000 and 215,000 inhabitants (which describes Yonkers), allows the city to impose a local income tax surcharge up to 19.25% of the net state tax. The bill maintains the existing procedural requirements for implementing the surcharge, such as filing certified copies of local laws with the commissioner and establishing specific effective dates. The changes ensure that Yonkers can continue to levy this additional income tax on its residents for two more years, with the new expiration date now set for the end of 2027 or the beginning of 2028, depending on the specific provision. The bill takes effect immediately upon passage, allowing for a smooth continuation of the existing tax surcharge mechanism.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S436