S8577 (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 Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Investigations And Government Operations
- Introduced
- 2025-11-14
- Same as
- A8953
- Law section
- Tax Law
Sponsors
- John C. Liu State Senator, District 16
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
- Luis R. Sepúlveda State Senator, District 32
Heard in committee
- Investigations And Government Operations NY State Senate committee
- Rules NY State Senate committee
Same as
- A8953 (2025-26 session) NY State bill