S1980 (2023-24 session)
NY State bill
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.
- Title
- 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
- Type
- New York State Senate bill
- Session
- 2023-24 session
- Status
- In Senate Committee
- Latest action date
- 2024-01-03
- In committee
- Budget And Revenue
- Introduced
- 2023-01-18
- Same as
- A3690
- Law section
- Tax Law
Sponsors
Co-sponsors
- Cordell Cleare State Senator, District 30
- Gustavo Rivera State Senator, District 33
- Jabari Brisport State Senator, District 25
- James Sanders Jr. State Senator, District 10
- Jessica Ramos State Senator, District 13
- José M. Serrano State Senator, District 29
- Julia Salazar State Senator, District 18
- Kevin S. Parker State Senator, District 21
- Kristen Gonzalez State Senator, District 59
Heard in committee
- Budget And Revenue NY State Senate committee
Same as
- A3690 (2023-24 session) NY State bill