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NY A10340
Bill
Status
Introduced
2/24/2026
Primary Sponsor
Diana Moreno
Click for details
AI Summary
- Authorizes cities with population of one million or more (New York City) to impose a 25% surcharge on business tax liability through local legislation
- Applies to corporations, S corporations, qualified subchapter S subsidiaries, and unincorporated businesses
- Effective for taxable years beginning on or after January 1, 2026
- Requires adoption through the city's local legislative body to take effect
- Introduced February 24, 2026 by Assembly Member Moreno and referred to Ways and Means Committee
Legislative Description
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.
Last Action
referred to ways and means
2/24/2026
Committee Referrals
Ways and Means2/24/2026
Full Bill Text
No bill text available