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NY S03330
Bill
Status
1/24/2025
Primary Sponsor
Jeremy Cooney
Click for details
AI Summary
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Amends Tax Law section 210-A to modify how professional employer organizations (PEOs) calculate receipts for tax apportionment purposes
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Requires PEOs and combined groups with PEO members to include in their receipts calculation amounts received for wages, benefits, and other employee expenses disbursed to or for client worksite employees
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Related employment taxes must also be included in receipts if those amounts are part of the business income base or combined business income base calculation
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Applies retroactively to taxable years beginning on and after January 1, 2015
Legislative Description
Provides that receipts from other services and other business receipts, taxpayers, and combined groups including members, engaged in providing professional employer organization services shall include with such receipts amounts received with respect to wages, benefits, and other employee expenses disbursed to or for the benefit of a client's worksite employees and the related employment taxes if the amounts received are included in the calculation of the business income base or the combined business income base, respectively.
Last Action
SUBSTITUTED BY A3141
6/12/2025