Assembly Bill A8752

2025-2026 Legislative Session

Relates to businesses with fewer than twenty employees

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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

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2025-A8752 (ACTIVE) - Details

See Senate Version of this Bill:
S7014
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 601, Tax L

2025-A8752 (ACTIVE) - Summary

Provides that any taxpayer who employees twenty or fewer employees, the first fifty thousand dollars is exempted from taxation.

2025-A8752 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8752
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 2, 2025
                                ___________
 
 Introduced  by M. of A. RA -- read once and referred to the Committee on
   Ways and Means
 
 AN ACT to amend the tax law, in relation to certain business taxpayers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Section  210  of  the  tax law is amended by adding a new
 subdivision 4 to read as follows:
   4. IN THE CASE OF A TAXPAYER WHO EMPLOYS TWENTY  OR  FEWER  EMPLOYEES,
 THE FIRST FIFTY THOUSAND DOLLARS IS EXEMPT FROM TAXATION.
   §  2. Section 601 of the tax law is amended by adding a new subsection
 (h-1) to read as follows:
   (H-1) BUSINESSES WITH TWENTY OR FEWER EMPLOYEES.  IN  THE  CASE  OF  A
 TAXPAYER WHO EMPLOYS TWENTY OR FEWER EMPLOYEES, THE FIRST FIFTY THOUSAND
 DOLLARS IS EXEMPT FROM TAXATION.
   § 3. This act shall take effect immediately and shall apply to taxable
 years beginning on or after January 1, 2027.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10912-01-5

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