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Bill > S09110


NY S09110

NY S09110
Phases in tax cuts to the personal income tax over a period of ten years; repeals certain provisions relating to tax benefit recapture.


summary

Introduced
02/03/2026
In Committee
02/03/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to the personal income tax rate; and to repeal certain provisions of such law relating thereto

AI Summary

This bill phases in tax cuts to the personal income tax over a period of ten years, starting in 2026 and concluding in 2035, by adjusting the tax tables for different filing statuses including married individuals filing jointly, surviving spouses, heads of households, unmarried individuals, and married individuals filing separately. The bill also repeals certain provisions related to tax benefit recapture, which likely refers to rules that require taxpayers to repay certain tax benefits if specific conditions are not met. The changes are designed to gradually reduce the tax burden over the specified decade.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

REFERRED TO BUDGET AND REVENUE (on 02/03/2026)

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