A8953 (2025-26 session)
NY State bill
Enacts the "fair share act"; authorizes cities imposing city personal income taxes to adopt and amend local laws imposing an additional tax of two percent on the annual city taxable income of city residents, estates and trusts reporting any return in excess of one million dollars.
- Title
- Enacts the "fair share act"
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Ways And Means
- Introduced
- 2025-07-16
- Same as
- S8577
- Law section
- Tax Law
Sponsors
- Phara Souffrant Forrest Assembly Member, District 57
Co-sponsors
- Al Taylor Assembly Member, District 71
- Alex Bores Assembly Member, District 73
- Amanda Septimo Assembly Member, District 84
- Andrew Hevesi Assembly Member, District 28
- Chantel Jackson Assembly Member, District 79
Heard in committee
- Ways and Means NY State Assembly committee
Same as
- S8577 (2025-26 session) NY State bill