S953 (2025-26 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
2025-26 session
Status
In Senate Committee
Latest action date
2025-01-08
In committee
Budget And Revenue
Introduced
2025-01-07
Same as
A1971
Law section
Tax Law

Sponsors

Co-sponsors

Heard in committee

Same as

Sources