Bill
Bill > S00587
NY S00587
NY S00587Establishes an income tax deduction for cash and credit card tips received which are considered wages or compensation.
summary
Introduced
01/08/2025
01/08/2025
In Committee
01/07/2026
01/07/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to establishing a tax deduction for cash and credit card tips received
AI Summary
This bill establishes a new income tax deduction for individuals in New York State, allowing them to deduct the amount of cash and credit card tips they receive during a taxable year, provided these tips are considered wages or compensation. This definition aligns with the federal Internal Revenue Code, specifically section 6053, which outlines rules for reporting tips. The purpose of this legislation is to provide tax relief to workers who rely on tips as a significant portion of their income, and it will take effect immediately, applying to all tax years starting on or after January 1, 2026.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (21)
Jack Martins (R)*,
Jake Ashby (R),
George Borrello (R),
Patricia Canzoneri-Fitzpatrick (R),
Stephen Chan (R),
Patrick Gallivan (R),
Pam Helming (R),
Andrew Lanza (R),
Mario Mattera (R),
Dean Murray (R),
Tom O'Mara (R),
Peter Oberacker (R),
Rob Ortt (R),
Tony Palumbo (R),
Steve Rhoads (R),
Rob Rolison (R),
Dan Stec (R),
Jim Tedisco (R),
Mark Walczyk (R),
Bill Weber (R),
Alexis Weik (R),
Last Action
PRINT NUMBER 587A (on 01/13/2026)
Official Document
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