NY State Senate Bill 2019-S8164

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

Please enter your contact information

First Name

Last Name

Email Address

A valid email address is required.

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

View Actions

Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Apr 13, 2020	referred to investigations and government operations

co-Sponsors

View additional co-sponsors

2019-S8164 (ACTIVE) - Details

See Assembly Version of this Bill:: A10364
Current Committee:: Senate Investigations And Government Operations
Law Section:: Tax Law
Laws Affected:: Amd §601, Tax L
Versions Introduced in 2021-2022 Legislative Session:: S917

2019-S8164 (ACTIVE) - Summary

Extends the top state income tax rate to 10.32% for taxpayers whose New York taxable income is over $100,000,000 and establishes new brackets below such top rate.

2019-S8164 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S8164

SPONSOR: MAY
 
TITLE OF BILL:

An act to amend the tax law, in relation to extending the top state
income tax rate

 
PURPOSE:

To establish higher income tax brackets for individuals earning over $5
million, $10 million and $100 million a year.

 
SUMMARY OF SPECIFIC PROVISIONS:

Sections 1, 2, and 3 amend Section 601 of the Tax Law to create a
progressive tax structure for individuals with incomes over $5 million.
The bill establishes income tax rates of 9.32% for incomes over $5
million but not over $10 million; 9.82% for incomes over $10 million but
not over $100 million; and 10.32% for incomes over $100 million.

Section 4 provides the effective date.

 
JUSTIFICATION:

To generate the revenue our state needs to fund a fair, equitable budg-
et, we must ensure our highest income earners pay their fair share in
taxes. A progressive ultra-millionaires tax will raise over $2.2 billion
annually for the state to invest in crucial needs in our communities,
including housing, education, health care, social services, infrastruc-
ture and transportation. A recent poll conducted by Hart Research Asso-
ciates found that 92% of New York voters support increasing taxes on the
wealthiest residents to close the budget deficit without placing the
burden on working families who are already struggling to get by. This
commonsense policy is a critical step forward in addressing income
inequality, narrowing the wealth gap and making sustainable investments
in our communities.

 
PRIOR LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

This bill is estimated to generate over $2.2 billion in revenue annual-
ly.

 
EFFECTIVE DATE:
This act shall take effect immediately.

2019-S8164 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8164
 
                             I N  S E N A T E
 
                              April 13, 2020
                                ___________
 
 Introduced  by  Sen.  MAY  --  read  twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 AN ACT to amend the tax law, in relation  to  extending  the  top  state
   income tax rate
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Clauses (iv), (v), (vi), (vii) and (viii)  of  subparagraph
 (B)  of  paragraph  1  of  subsection (a) of section 601 of the tax law,
 clauses (iv), (v), (vi) and (vii) as amended by section 1 of part  P  of
 chapter  59 of the laws of 2019, and clause (viii) as added by section 1
 of part R of chapter 59 of the laws of 2017,  are  amended  to  read  as
 follows:
   (iv)  For  taxable  years  beginning  in  two  thousand twenty-one the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $43,000     $1,202 plus 5.9% of excess over
                                       $27,900
 Over $43,000 but not over $161,550    $2,093 plus 5.97% of excess over
                                       $43,000
 Over $161,550 but not over $323,200   $9,170 plus 6.33% of excess over
                                       $161,550
 Over $323,200 but not over            $19,403 plus 6.85% of excess
 $2,155,350                            over  $323,200
 OVER $2,155,350 BUT NOT OVER          $144,905 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $2,155,350
 OVER $5,000,000 BUT NOT OVER          $395,803 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD15559-03-0

 S. 8164                             2
 
 OVER $10,000,000 BUT NOT OVER         $861,803 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$2,155,350                      $144,905 plus 8.82% of excess over
                                       $2,155,350]
 $100,000,000                          $9,699,803 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (v) For taxable years beginning in two thousand twenty-two the follow-
 ing rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $161,550    $1,202 plus 5.85% of excess over
                                       $27,900
 Over $161,550 but not over $323,200   $9,021 plus 6.25% of excess over
                                       $161,550
 Over $323,200 but not over            $19,124 plus
 $2,155,350                            6.85% of excess over $323,200
 OVER $2,155,350 BUT NOT OVER          $144,626 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $2,155,350
 OVER $5,000,000 BUT NOT OVER          $395,524 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $861,524 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$2,155,350                      $144,626 plus 8.82% of excess over
                                       $2,155,350]
 $100,000,000                          $9,699,524 PLUS 10.32% OF
                                       EXCESS OVER $100,000,000
   (vi)  For  taxable  years  beginning  in two thousand twenty-three the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $161,550    $1,202 plus 5.73% of excess over
                                       $27,900
 Over $161,550 but not over $323,200   $8,860 plus 6.17% of excess over
                                       $161,550
 Over $323,200 but not over            $18,834 plus 6.85% of
 $2,155,350                            excess over $323,200
 OVER $2,155,350 BUT NOT OVER          $144,336 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $2,155,350
 OVER $5,000,000 BUT NOT OVER          $395,234 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $861,234 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$2,155,350                      $144,336 plus 8.82% of excess over
                                       $2,155,350]
 $100,000,000                          $9,699,234 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (vii) For taxable years beginning  in  two  thousand  twenty-four  the
 following rates shall apply:

 S. 8164                             3
 
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $161,550    $1,202 plus 5.61% of excess over
                                       $27,900
 Over $161,550 but not over $323,200   $8,700 plus 6.09% of excess over
                                       $161,550
 Over $323,200 but not over            $18,544 plus 6.85% of
 $2,155,350                            excess over $323,200
 OVER $2,155,350 BUT NOT OVER          $144,047 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $2,155,350
 OVER $5,000,000 BUT NOT OVER          $394,945 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $860,945 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$2,155,350                      $144,047 plus 8.82% of excess over
                                       $2,155,350]
 $100,000,000                          $9,698,945 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (viii)  For taxable years beginning after two thousand twenty-four the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $161,550    $1,202 plus 5.5% of excess over
                                       $27,900
 Over $161,550 but not over $323,200   $8,553 plus 6.00% of excess over
                                       $161,550
 Over $323,200 BUT NOT OVER            $18,252 plus 6.85% of excess
 $2,155,350                            over $323,200
 OVER $2,155,350 BUT NOT OVER          $143,754 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $2,155,350
 OVER $5,000,000 BUT NOT OVER          $394,652 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $860,652 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 OVER $100,000,000                     $9,698,652 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   § 2. Clauses (iv), (v), (vi), (vii) and (viii) of subparagraph (B)  of
 paragraph  1  of  subsection  (b) of section 601 of the tax law, clauses
 (iv), (v), (vi) and (vii) as amended by section 2 of part P  of  chapter
 59  of the laws of 2019, and clause (viii) as added by section 2 of part
 R of chapter 59 of the laws of 2017, are amended to read as follows:
   (iv) For taxable  years  beginning  in  two  thousand  twenty-one  the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over
                                       $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over

 S. 8164                             4
 
                                       $17,650
 Over $20,900 but not over $32,200     $901 plus 5.9% of excess over
                                       $20,900
 Over $32,200 but not over $107,650    $1,568 plus 5.97% of excess over
                                       $32,200
 Over $107,650 but not over $269,300   $6,072 plus 6.33% of excess over
                                       $107,650
 Over $269,300 but not over            $16,304 plus 6.85% of
 $1,616,450                            excess over $269,300
 OVER $1,616,450 BUT NOT OVER          $108,584 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,616,450
 OVER $5,000,000 BUT NOT OVER          $407,013 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $873,013 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$1,616,450                      $108,584 plus 8.82% of excess over
                                       $1,616,450]
 $100,000,000                          $9,711,013 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (v) For taxable years beginning in two thousand twenty-two the follow-
 ing rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over
                                       $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $107,650    $901 plus 5.85% of excess over
                                       $20,900
 Over $107,650 but not over $269,300   $5,976 plus 6.25% of excess over
                                       $107,650
 Over $269,300 but not over            $16,079 plus 6.85% of excess
 $1,616,450                            over $269,300
 OVER $1,616,450 BUT NOT OVER          $108,359 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,616,450
 OVER $5,000,000 BUT NOT OVER          $406,788 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $872,788 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$1,616,450                      $108,359 plus 8.82% of excess over
                                       $1,616,450]
 $100,000,000                          $9,710,788 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (vi)  For  taxable  years  beginning  in two thousand twenty-three the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over
                                       $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $107,650    $901 plus 5.73% of excess over
                                       $20,900
 Over $107,650 but not over $269,300   $5,872 plus 6.17% of excess over

 S. 8164                             5
 
                                       $107,650
 Over $269,300 but not over            $15,845 plus 6.85% of excess
 $1,616,450                            over $269,300
 OVER $1,616,450 BUT NOT OVER          $108,125 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,616,450
 OVER $5,000,000 BUT NOT OVER          $406,544 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $872,544 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$1,616,450                      $108,125 plus 8.82% of excess over
                                       $1,616,450]
 $100,000,000                          $9,710,544 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (vii)  For  taxable  years  beginning  in two thousand twenty-four the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over
                                       $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $107,650    $901 plus 5.61% of excess over
                                       $20,900
 Over $107,650 but not over $269,300   $5,768 plus 6.09% of excess over
                                       $107,650
 Over $269,300 but not over            $15,612 plus 6.85% of excess
 $1,616,450                            over $269,300
 OVER $1,616,450 BUT NOT OVER          $107,892 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,616,450
 OVER $5,000,000 BUT NOT OVER          $406,321 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $872,321 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$1,616,450                      $107,892 plus 8.82% of excess over
                                       $1,616,450]
 $100,000,000                          $9,710,321 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (viii) For taxable years beginning after two thousand twenty-four  the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over
                                       $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $107,650    $901 plus 5.5% of excess over
                                       $20,900
 Over $107,650 but not over $269,300   $5,672 plus 6.00% of excess over
                                       $107,650
 Over $269,300 BUT NOT OVER            $15,371 plus 6.85% of excess
 $1,616,450                            over $269,300
 OVER $1,616,450 BUT NOT OVER          $107,651 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,616,450
 OVER $5,000,000 BUT NOT OVER          $406,080 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $872,080 PLUS 9.82% OF EXCESS OVER

 S. 8164                             6
 
 $100,000,000                          $10,000,000
 OVER $100,000,000                     $9,710,080 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   §  3. Clauses (iv), (v), (vi), (vii) and (viii) of subparagraph (B) of
 paragraph 1 of subsection (c) of section 601 of  the  tax  law,  clauses
 (iv),  (v),  (vi) and (vii) as amended by section 3 of part P of chapter
 59 of the laws of 2019, and clause (viii) as added by section 3 of  part
 R of chapter 59 of the laws of 2017, are amended to read as follows:
   (iv)  For  taxable  years  beginning  in  two  thousand twenty-one the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $21,400     $600 plus 5.9% of excess over
                                       $13,900
 Over $21,400 but not over $80,650     $1,042 plus 5.97% of excess over
                                       $21,400
 Over $80,650 but not over $215,400    $4,579 plus 6.33% of excess over
                                       $80,650
 Over $215,400 but not over            $13,109 plus 6.85% of excess
 $1,077,550                            over $215,400
 OVER $1,077,550 BUT NOT OVER          $72,166 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,077,550
 OVER $5,000,000 BUT NOT OVER          $418,126 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $884,126 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$1,077,550                      $72,166 plus 8.82% of excess over
                                       $1,077,550]
 $100,000,000                          $9,722,126 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (v) For taxable years beginning in two thousand twenty-two the follow-
 ing rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $80,650     $600 plus 5.85% of excess over
                                       $13,900
 Over $80,650 but not over $215,400    $4,504 plus 6.25% of excess over
                                       $80,650
 Over $215,400 but not over            $12,926 plus 6.85% of excess
 $1,077,550                            over $215,400
 OVER $1,077,550 BUT NOT OVER          $71,984 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,077,550
 OVER $5,000,000 BUT NOT OVER          $ 417,944 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $883,994 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$1,077,550                      $71,984 plus 8.82% of excess over
                                       $1,077,550]

 S. 8164                             7
 
 $100,000,000                          $9,721,944 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (vi)  For  taxable  years  beginning  in two thousand twenty-three the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $80,650     $600 plus 5.73% of excess over
                                       $13,900
 Over $80,650 but not over $215,400    $4,424 plus 6.17% of excess over
                                       $80,650
 Over $215,400 but not over            $12,738 plus 6.85% of excess
 $1,077,550                            over $215,400
 OVER $1,077,550 BUT NOT OVER          $71,796 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,077,550
 OVER $5,000,000 BUT NOT OVER          $417,756 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $883,756 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$1,077,550                      $71,796 plus 8.82% of excess over
                                       $1,077,550]
 $100,000,000                          $9,721,756 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (vii) For taxable years beginning  in  two  thousand  twenty-four  the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $80,650     $600 plus 5.61% of excess over
                                       $13,900
 Over $80,650 but not over $215,400    $4,344 plus 6.09% of excess over
                                       $80,650
 Over $215,400 but not over            $12,550 plus 6.85% of excess
 $1,077,550                            over $215,400
 OVER $1,077,550 BUT NOT OVER          $71,608 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,077,550
 OVER $5,000,000 BUT NOT OVER          $417,568 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $883,568 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 Over [$1,077,550                      $71,608 plus 8.82% of excess over
                                       $1,077,550]
 $100,000,000                          $9,721,568 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   (viii)  For taxable years beginning after two thousand twenty-four the
 following rates shall apply:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over

 S. 8164                             8
 
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $80,650     $600 plus 5.50% of excess over
                                       $13,900
 Over $80,650 but not over $215,400    $4,271 plus 6.00% of excess over
                                       $80,650
 Over $215,400 BUT NOT OVER            $12,356 plus 6.85% of excess
 $1,077,550                            over $215,400
 OVER $1,077,550 BUT NOT OVER          $71,413 PLUS 8.82% OF EXCESS OVER
 $5,000,000                            $1,077,550
 OVER $5,000,000 BUT NOT OVER          $417,373 PLUS 9.32% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000 BUT NOT OVER         $883,373 PLUS 9.82% OF EXCESS OVER
 $100,000,000                          $10,000,000
 OVER $100,000,000                     $9,721,373 PLUS 10.32% OF EXCESS
                                       OVER $100,000,000
   § 4. This act shall take effect immediately.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Find your Senator and share your views on important issues.

Do you support this bill?

Senate Bill S8164

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

Actions

co-Sponsors

2019-S8164 (ACTIVE) - Details

2019-S8164 (ACTIVE) - Summary

2019-S8164 (ACTIVE) - Sponsor Memo

2019-S8164 (ACTIVE) - Bill Text download pdf

Comments

Do you support this bill?

Get Status Alerts for 2019-S8164

Senate Bill S8164

Share this bill

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

Actions

co-Sponsors

2019-S8164 (ACTIVE) - Details

2019-S8164 (ACTIVE) - Summary

2019-S8164 (ACTIVE) - Sponsor Memo

2019-S8164 (ACTIVE) - Bill Text download pdf

Comments