Bill > S08746

This bill clarifies how businesses that provide professional employer organization (PEO) services, which involve managing a client company's employees, should calculate their receipts for tax purposes. Specifically, it mandates that PEOs, or combined groups of businesses that include PEOs, must include in their taxable receipts any amounts they receive that cover wages, benefits, and other employee-related expenses for the client's workers, as well as the associated employment taxes. This inclusion is required if these amounts are already part of how the business calculates its overall taxable income. The bill aims to ensure that these PEO-related disbursements are properly accounted for in tax calculations, applying to tax years beginning on or after January 1, 2015.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S8746