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NY S09189
Bill
Status
Introduced
2/12/2026
Primary Sponsor
Kristen Gonzalez
Click for details
AI Summary
- Authorizes cities with populations of one million or more (New York City) to impose a 25% surcharge on business tax liability for corporations
- Applies to businesses taxed as corporations, including S corporations, qualified subchapter S subsidiaries, and unincorporated businesses
- Effective for taxable years beginning on or after January 1, 2026
- Requires adoption through local law by the city's legislative body
- Introduced by Senator Gonzalez and referred to the Committee on Investigations and Government Operations
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 INVESTIGATIONS AND GOVERNMENT OPERATIONS
2/12/2026
Committee Referrals
Investigations and Government Operations2/12/2026
Full Bill Text
No bill text available