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Bill > S09189


NY S09189

NY S09189
Authorizes a city business tax surcharge of twenty-five percent on the tax liability imposed on any business subject to tax as a corporation, in a city with a population of one million or more.


summary

Introduced
02/12/2026
In Committee
02/12/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to authorizing a city business tax surcharge in a city with a population of one million or more

AI Summary

This bill authorizes cities with a population of one million or more to impose a twenty-five percent surcharge on the business tax liability of corporations, including those treated as S corporations or qualified subchapter S subsidiaries under federal tax law, and unincorporated businesses, for tax years beginning on or after January 1, 2026.

Committee Categories

Government Affairs

Sponsors (3)

Last Action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (on 02/12/2026)

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