Bill > A00517

This bill amends the New York state tax law to provide a tax deduction for small businesses that pay dues to local chambers of commerce. Specifically, the bill allows businesses with 50 employees or fewer to deduct the amount they pay in dues to a local chamber of commerce from their adjusted gross income, with an important caveat that the deduction cannot include any portion of dues used for lobbying purposes. To qualify, the chamber of commerce must be incorporated under section fourteen hundred ten of the not-for-profit corporation law. The tax deduction will take effect for taxable years beginning on or after January 1, 2027, giving businesses and tax authorities time to prepare for the new provision. This measure aims to support small businesses by providing a modest financial incentive for joining and participating in local chambers of commerce, which often provide networking, business development, and community engagement opportunities.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A517