· NY legislature · 2025-2026

Enacts the "fair share act"

Enacts the "fair share act"; authorizes cities imposing city personal income taxes to adopt and amend local laws imposing an additional tax of two percent on the annual city taxable income of city residents, estates and trusts reporting any return in excess of one million dollars.

Sponsor

Phara Souffrant Forrest (D-NY)

Introduced

2025-07-16

Policy area

Taxation

Latest action

REFERRED TO WAYS AND MEANS