· NY legislature · 2025-2026

Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; and imposes an additional tax on individual business income

Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; imposes an additional tax on individual business income in response to federal tax benefits for pass-through business income.

Sponsor

Brad Hoylman-Sigal

Introduced

2025-01-08

Latest action

REFERRED TO BUDGET AND REVENUE