NY State Senate Bill 2025-S9110

Current Bill Status - In Senate Committee Budget And Revenue 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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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 19, 2026	notice of committee consideration - requested
Feb 03, 2026	referred to budget and revenue

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2025-S9110 (ACTIVE) - Details

Current Committee:: Senate Budget And Revenue
Law Section:: Tax Law
Laws Affected:: Rpld §601 sub§ (a), sub 1 sub§ (b), sub§§ (c), (d), (d-5), (d-6) & (d-7), sub§ (d-4) opening ¶, amd §601, Tax L

2025-S9110 (ACTIVE) - Summary

Phases in tax cuts to the personal income tax over a period of ten years; repeals certain provisions relating to tax benefit recapture.

2025-S9110 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S9110

SPONSOR: RHOADS
 
TITLE OF BILL:

An act to amend the tax law, in relation to the personal income tax
rate; and to repeal certain provisions of such law relating thereto

 
PURPOSE:

Relates to the personal income tax rates.

 
SUMMARY OF PROVISIONS:

Section 1 lowers rates and phases in an exemption of $100,000 over a ten
year period for married taxpayers filing jointly.

Section 2 lowers rates and phases in an exemption of $75,000 over a ten
year period for taxpayers filing as a head of household.

Section 3 lowers rates and phases in an exemption of $50,000 over a ten
year period for single taxpayers.

Section 4 lowers rates and phases in an exemption of $50,000 over a ten
year period for married taxpayers filing separately.

Sections 5 and 6 repeal New York's tax benefit recapture provisions.

Section 7 is the effective date

 
JUSTIFICATION:

New York State imposes the highest personal income tax burden in the
Nation upon its residents. Albany's lack of fiscal discipline, over
regulation and poor policy choices have made the American Dream unaf-
fordable and unattainable. Just the increase in State annual spending
since 2019, has eclipsed the total amount the State collects in personal
income taxes. The result is predictable. New York continues to hemor-
rhage talent, economic activity and productivity as its citizens flee to
other states with lower tax burdens and more opportunities for their
families.

As recently as January 29, 2026, City Journal reported that census data
shows that the outflow of New Yorkers to other states has topped the 1
million mark since 2020. Over that same time, states like Texas and
Florida have no state personal income tax, have grown in population by
2.6 million and 1.9 million respectively. New Yorkers are rejecting big
taxes, big spending and big bureaucracy with their feet, and New York is
worse for it.

One-time gimmicks like "Inflation Rebate Checks" of $200-$400 touted by
the Governor are nothing more than a band-aid on the gaping wound
poisoning New York's future. This legislation offers a path to a more
prosperous tomorrow for New York and, more importantly, for New Yorkers.
The largest personal income tax cut in the history of New York State
when fully implemented, will exempt the first $50,000 of income for
single filers; the first $75,000 of income for single head of household
filers and the first $100,000 of income for families from New York State

personal income tax. This equates to a tax cut for ALL New Yorkers,
saving the average New York family almost $5,000 per year....every year.

That delivers real affordability and real opportunity for New York fami-
lies to get ahead and incentive to continue to call New York their home.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

Tax cut of roughly $35 billion when fully implemented

 
EFFECTIVE DATE:
This act shall take effect immediately.

2025-S9110 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9110
 
                             I N  S E N A T E
 
                             February 3, 2026
                                ___________
 
 Introduced  by  Sen.  RHOADS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation  to  the  personal  income  tax
   rate; and to repeal certain provisions of such law relating thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subsection (a) of section 601 of the tax  law  is  REPEALED
 and a new subsection (a) is added to read as follows:
   (A)  RESIDENT  MARRIED  INDIVIDUALS  FILING JOINT RETURNS AND RESIDENT
 SURVIVING SPOUSES. THERE IS HEREBY IMPOSED FOR EACH TAXABLE YEAR ON  THE
 NEW YORK TAXABLE INCOME OF EVERY RESIDENT MARRIED INDIVIDUAL WHO MAKES A
 SINGLE  RETURN JOINTLY WITH THEIR SPOUSE UNDER SUBSECTION (B) OF SECTION
 SIX HUNDRED FIFTY-ONE OF THIS ARTICLE AND ON THE NEW YORK TAXABLE INCOME
 OF EVERY RESIDENT SURVIVING SPOUSE A TAX DETERMINED IN  ACCORDANCE  WITH
 THE FOLLOWING TABLES:
   (1)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND TWENTY-SIX, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $10,000                     $0
 OVER $10,000 BUT NOT OVER $500,000   4% OF EXCESS OVER $10,000
 OVER $500,000 BUT NOT OVER           $19,600 PLUS 5% OF EXCESS OVER
 $2,155,350                           $500,000
 OVER $2,155,350 BUT NOT OVER         $102,367.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $2,155,350
 OVER $5,000,000 BUT NOT OVER         $376,876.23 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,436,876.23 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (2) FOR TAXABLE YEARS BEGINNING  IN  TWO  THOUSAND  TWENTY-SEVEN,  THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $20,000                     $0
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD14609-02-6
 S. 9110                             2
 
 OVER $20,000 BUT NOT OVER $500,000   4% OF EXCESS OVER $20,000
 OVER $500,000 BUT NOT OVER           $19,200 PLUS 5% OF EXCESS OVER
 $2,155,350                           $500,000
 OVER $2,155,350 BUT NOT OVER         $101,967.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $2,155,350
 OVER $5,000,000 BUT NOT OVER         $376,476.23 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,436,476.23 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (3)  FOR  TAXABLE  YEARS  BEGINNING  IN TWO THOUSAND TWENTY-EIGHT, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $30,000                     $0
 OVER $30,000 BUT NOT OVER            4% OF EXCESS OVER
 $500,000                             $30,000
 OVER $500,000 BUT NOT OVER           $18,800 PLUS 5% OF EXCESS
 $2,155,350                           OVER $500,000
 OVER $2,155,350 BUT NOT OVER         $101,567.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $2,155,350
 OVER $5,000,000 BUT NOT OVER         $376,076.23 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,436,076.23 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (4) FOR TAXABLE YEARS  BEGINNING  IN  TWO  THOUSAND  TWENTY-NINE,  THE
 FOLLOWING RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $40,000                     $0
 OVER $40,000 BUT NOT OVER            4% OF EXCESS OVER
 $500,000                             $40,000
 OVER $500,000 BUT NOT OVER           $18,400 PLUS 5% OF EXCESS
 $2,155,350                           OVER $500,000
 OVER $2,155,350 BUT NOT OVER         $101,167.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $2,155,350
 OVER $5,000,000 BUT NOT OVER         $375,676.23 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,435,676.23 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (5)  FOR TAXABLE YEARS BEGINNING IN TWO THOUSAND THIRTY, THE FOLLOWING
 RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $50,000                     $0
 OVER $50,000 BUT NOT OVER $500,000   4% OF EXCESS OVER $50,000
 OVER $500,000 BUT NOT OVER           $18,000 PLUS 5% OF EXCESS
 $2,155,350                           OVER $500,000
 OVER $2,155,350 BUT NOT OVER         $100,767.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $2,155,350
 OVER $5,000,000 BUT NOT OVER         $375,276.23 PLUS 10.30% OF EXCESS OVER
 $25,000,000                          $5,000,000
 OVER $25,000,000                     $2,435,276.23 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (6) FOR TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND  THIRTY-ONE,  THE
 FOLLOWING RATES SHALL APPLY:
 S. 9110                             3
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $60,000                     $0
 OVER $60,000 BUT NOT OVER            4% OF EXCESS OVER
 $500,000                             $60,000
 OVER $500,000 BUT NOT OVER           $17,600 PLUS 5% OF EXCESS
 $2,155,350                           OVER $500,000
 OVER $2,155,350 BUT NOT OVER         $100,367.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $2,155,350
 OVER $5,000,000 BUT NOT OVER         $374,876.23 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,434,876.23 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (7)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND THIRTY-TWO, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $70,000                     $0
 OVER $70,000 BUT NOT OVER            4% OF EXCESS OVER
 $500,000                             $70,000
 OVER $500,000 BUT NOT OVER           $17,200 PLUS 5% OF EXCESS
 $2,155,350                           OVER $500,000
 OVER $2,155,350 BUT NOT OVER         $99,967.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $2,155,350
 OVER $5,000,000 BUT NOT OVER         $374,476.23 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,434,476.23 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (8) FOR TAXABLE YEARS BEGINNING  IN  TWO  THOUSAND  THIRTY-THREE,  THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $80,000                     $0
 OVER $80,000 BUT NOT OVER            4% OF EXCESS OVER
 $500,000                             $80,000
 OVER $500,000 BUT NOT OVER           $16,800 PLUS 5% OF EXCESS
 $2,155,350                           OVER $500,000
 OVER $2,155,350                      $99,567.50 PLUS 8.82% OF
                                      EXCESS OVER $2,155,350
   (9)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO THOUSAND THIRTY-FOUR, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $90,000                     $0
 OVER $90,000 BUT NOT OVER            4% OF EXCESS OVER
 $500,000                             $90,000
 OVER $500,000 BUT NOT OVER           $16,400 PLUS 5% OF EXCESS
 $2,155,350                           OVER $500,000
 OVER $2,155,350                      $99,167.50 PLUS 8.82% OF
                                      EXCESS OVER $2,155,350
   (10) FOR TAXABLE YEARS BEGINNING  IN  TWO  THOUSAND  THIRTY-FIVE,  THE
 FOLLOWING RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $100,000                    $0
 OVER $100,000 BUT NOT OVER           4% OF EXCESS OVER
 $500,000                             $100,000
 S. 9110                             4
 
 OVER $500,000 BUT NOT OVER           $16,000 PLUS 5% OF EXCESS
 $2,155,350                           OVER $500,000
 OVER $2,155,350                      $98,767.50 PLUS 8.82% OF
                                      EXCESS OVER $2,155,350
   §  2.  Subsection  (b) of section 601 of the tax law is REPEALED and a
 new subsection (b) is added to read as follows:
   (B) RESIDENT HEADS OF HOUSEHOLDS. THERE IS  HEREBY  IMPOSED  FOR  EACH
 TAXABLE  YEAR ON THE NEW YORK TAXABLE INCOME OF EVERY RESIDENT HEAD OF A
 HOUSEHOLD A TAX DETERMINED IN ACCORDANCE WITH THE FOLLOWING TABLES:
   (1) FOR TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND  TWENTY-SIX,  THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $7,500                      $0
 OVER $7,500 BUT NOT OVER             4% OF EXCESS OVER
 $300,000                             $7,500
 OVER $300,000 BUT NOT OVER           $11,700 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450 BUT NOT OVER         $77,522.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $1,616,450
 OVER $5,000,000 BUT NOT OVER         $404,035.08 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,464,035.08 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (2)  FOR  TAXABLE  YEARS  BEGINNING  IN TWO THOUSAND TWENTY-SEVEN, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $15,000                     $0
 OVER $15,000 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $15,000
 OVER $300,000 BUT NOT OVER           $11,400 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450 BUT NOT OVER         $77,222.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $1,616,450
 OVER $5,000,000 BUT NOT OVER         $403,735.08 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,463,735.08 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (3) FOR TAXABLE YEARS BEGINNING  IN  TWO  THOUSAND  TWENTY-EIGHT,  THE
 FOLLOWING RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $22,500                     $0
 OVER $22,500 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $22,500
 OVER $300,000 BUT NOT OVER           $11,100 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450 BUT NOT OVER         $76,922.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $1,616,450
 OVER $5,000,000 BUT NOT OVER         $403,435.08 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,463,435.08 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (4)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO THOUSAND TWENTY-NINE, THE
 FOLLOWING RATES SHALL APPLY:
 S. 9110                             5
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $30,000                     $0
 OVER $30,000 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $30,000
 OVER $300,000 BUT NOT OVER           $10,800 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450 BUT NOT OVER         $76,622.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $1,616,450
 OVER $5,000,000 BUT NOT OVER         $403,135.08 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,463,135.08 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (5)  FOR TAXABLE YEARS BEGINNING IN TWO THOUSAND THIRTY, THE FOLLOWING
 RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $37,500                     $0
 OVER $37,500 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $37,500
 OVER $300,000 BUT NOT OVER           $10,500 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450 BUT NOT OVER         $76,322.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $1,616,450
 OVER $5,000,000 BUT NOT OVER         $402,835.08 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,462,835.08 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (6) FOR TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND  THIRTY-ONE,  THE
 FOLLOWING RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $45,000                     $0
 OVER $45,000 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $45,000
 OVER $300,000 BUT NOT OVER           $10,200 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450 BUT NOT OVER         $76,022.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $1,616,450
 OVER $5,000,000 BUT NOT OVER         $402,535.08 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,462,535.08 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (7)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND THIRTY-TWO, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $52,500                     $0
 OVER $52,500 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $52,500
 OVER $300,000 BUT NOT OVER           $9,900 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450 BUT NOT OVER         $75,722.50 PLUS 9.65% OF
 $5,000,000                           EXCESS OVER $1,616,450
 OVER $5,000,000 BUT NOT OVER         $402,235.08 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,462,235.08 PLUS 10.90% OF
 S. 9110                             6
 
                                      EXCESS OVER $25,000,000
   (8)  FOR  TAXABLE  YEARS  BEGINNING  IN TWO THOUSAND THIRTY-THREE, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $60,000                     $0
 OVER $60,000 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $60,000
 OVER $300,000 BUT NOT OVER           $9,600 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450                      $75,422.50 PLUS 8.82% OF
                                      EXCESS OVER $1,616,450
   (9) FOR TAXABLE YEARS  BEGINNING  IN  TWO  THOUSAND  THIRTY-FOUR,  THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $67,500                     $0
 OVER $67,500 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $67,500
 OVER $300,000 BUT NOT OVER           $9,300 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450                      $75,122.50 PLUS 8.82% OF
                                      EXCESS OVER $1,616,450
   (10)  FOR  TAXABLE  YEARS  BEGINNING  IN TWO THOUSAND THIRTY-FIVE, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $75,000                     $0
 OVER $75,000 BUT NOT OVER            4% OF EXCESS OVER
 $300,000                             $75,000
 OVER $300,000 BUT NOT OVER           $9,000 PLUS 5% OF EXCESS
 $1,616,450                           OVER $300,000
 OVER $1,616,450                      $74,822.50 PLUS 8.82% OF
                                      EXCESS OVER $1,616,450
   § 3. Subsection (c) of section 601 of the tax law is  REPEALED  and  a
 new subsection (c) is added to read as follows:
   (C) RESIDENT UNMARRIED INDIVIDUALS, ESTATES AND TRUSTS. THERE IS HERE-
 BY IMPOSED FOR EACH TAXABLE YEAR ON THE NEW YORK TAXABLE INCOME OF EVERY
 RESIDENT  INDIVIDUAL  WHO  IS  NOT  A  MARRIED INDIVIDUAL OR A HEAD OF A
 HOUSEHOLD, AND ON THE NEW YORK TAXABLE INCOME OF EVERY ESTATE AND  TRUST
 A TAX DETERMINED IN ACCORDANCE WITH THE FOLLOWING TABLES:
   (1)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND TWENTY-SIX, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $5,000                      $0
 OVER $5,000 BUT NOT OVER             4% OF EXCESS OVER $5,000
 $250,000
 OVER $250,000 BUT NOT OVER           $9,800 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $51,177.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $429,693.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,489,693.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
 S. 9110                             7
 
   (2) FOR TAXABLE YEARS BEGINNING  IN  TWO  THOUSAND  TWENTY-SEVEN,  THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $10,000                     $0
 OVER $10,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $10,000
 OVER $250,000 BUT NOT OVER           $9,600 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,977.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $429,493.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,489,493.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (3)  FOR  TAXABLE  YEARS  BEGINNING  IN TWO THOUSAND TWENTY-EIGHT, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $15,000                     $0
 OVER $15,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $15,000
 OVER $250,000 BUT NOT OVER           $9,400 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,777.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $429,293.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,489,293.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (4) FOR TAXABLE YEARS  BEGINNING  IN  TWO  THOUSAND  TWENTY-NINE,  THE
 FOLLOWING RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $20,000                     $0
 OVER $20,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $20,000
 OVER $250,000 BUT NOT OVER           $9,200 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,577.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $429,093.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,489,093.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
 (5)  FOR  TAXABLE  YEARS BEGINNING IN TWO THOUSAND THIRTY, THE FOLLOWING
 RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $25,000                     $0
 OVER $25,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $25,000
 OVER $250,000 BUT NOT OVER           $9,000 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,377.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 S. 9110                             8
 
 OVER $5,000,000 BUT NOT OVER         $428,893.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,488,893.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (6)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND THIRTY-ONE, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS: THE TAX IS:
 NOT OVER $30,000                     $0
 OVER $30,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $30,000
 OVER $250,000 BUT NOT OVER           $8,800 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,177.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $428,693.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,488,693.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (7) FOR TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND  THIRTY-TWO,  THE
 FOLLOWING RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $35,000                     $0
 OVER $35,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $35,000
 OVER $250,000 BUT NOT OVER           $8,600 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $49,977.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $428,493.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,488,493.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (8)  FOR  TAXABLE  YEARS  BEGINNING  IN TWO THOUSAND THIRTY-THREE, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $40,000                     $0
 OVER $40,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $40,000
 OVER $250,000 BUT NOT OVER           $8,400 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550                      $49,777.50 PLUS 8.82% OF EXCESS
                                      OVER $1,077,550
   (9) FOR TAXABLE YEARS  BEGINNING  IN  TWO  THOUSAND  THIRTY-FOUR,  THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $45,000                     $0
 OVER $45,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $45,000
 OVER $250,000 BUT NOT OVER           $8,200 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550                      $49,577.50 PLUS 8.82% OF EXCESS
                                      OVER $1,077,550
 S. 9110                             9
 
   (10)  FOR  TAXABLE  YEARS  BEGINNING  IN TWO THOUSAND THIRTY-FIVE, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $50,000                     $0
 OVER $50,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $50,000
 OVER $250,000 BUT NOT OVER           $8,000 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550                      $49,377.50 PLUS 8.82% OF EXCESS
                                      OVER $1,077,550
   §  4.  Subsection  (d) of section 601 of the tax law is REPEALED and a
 new subsection (d) is added to read as follows:
   (D) RESIDENT MARRIED INDIVIDUALS FILING  SEPARATE  RETURNS.  THERE  IS
 HEREBY  IMPOSED  FOR EACH TAXABLE YEAR ON THE NEW YORK TAXABLE INCOME OF
 EVERY MARRIED INDIVIDUAL WHO IS A RESIDENT  AND  WHO  DOES  NOT  MAKE  A
 SINGLE  RETURN JOINTLY WITH THEIR SPOUSE UNDER SUBSECTION (B) OF SECTION
 SIX HUNDRED FIFTY-ONE OF THIS ARTICLE A  TAX  DETERMINED  IN  ACCORDANCE
 WITH THE FOLLOWING TABLES:
   (1)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND TWENTY-SIX, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $5,000                      $0
 OVER $5,000 BUT NOT OVER             4% OF EXCESS OVER
 $250,000                             $5,000
 OVER $250,000 BUT NOT OVER           $9,800 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $51,177.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $429,693.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,489,693.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (2) FOR TAXABLE YEARS BEGINNING IN TWO THOUSAND TWENTY-SEVEN, THE
 FOLLOWING RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $10,000                     $0
 OVER $10,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $10,000
 OVER $250,000 BUT NOT OVER           $9,600 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,977.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $429,493.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,489,493.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (3) FOR TAXABLE YEARS BEGINNING  IN  TWO  THOUSAND  TWENTY-EIGHT,  THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $15,000                     $0
 OVER $15,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $15,000
 S. 9110                            10
 
 OVER $250,000 BUT NOT OVER           $9,400 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,777.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $429,293.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,489,293.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (4)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO THOUSAND TWENTY-NINE, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $20,000                     $0
 OVER $20,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $20,000
 OVER $250,000 BUT NOT OVER           $9,200 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,577.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $429,093.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,489,093.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (5) FOR TAXABLE YEARS BEGINNING IN TWO THOUSAND THIRTY, THE  FOLLOWING
 RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $25,000                     $0
 OVER $25,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $25,000
 OVER $250,000 BUT NOT OVER           $9,000 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,377.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $428,893.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,488,893.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (6)  FOR  TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND THIRTY-ONE, THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $30,000                     $0
 OVER $30,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $30,000
 OVER $250,000 BUT NOT OVER           $8,800 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $50,177.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $428,693.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,488,693.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (7) FOR TAXABLE  YEARS  BEGINNING  IN  TWO  THOUSAND  THIRTY-TWO,  THE
 FOLLOWING RATES SHALL APPLY:
 S. 9110                            11
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $35,000                     $0
 OVER $35,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $35,000
 OVER $250,000 BUT NOT OVER           $8,600 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550 BUT NOT OVER         $49,977.50 PLUS 9.65% OF EXCESS
 $5,000,000                           OVER $1,077,550
 OVER $5,000,000 BUT NOT OVER         $428,493.93 PLUS 10.30% OF
 $25,000,000                          EXCESS OVER $5,000,000
 OVER $25,000,000                     $2,488,493.92 PLUS 10.90% OF
                                      EXCESS OVER $25,000,000
   (8)  FOR  TAXABLE  YEARS  BEGINNING  IN TWO THOUSAND THIRTY-THREE, THE
 FOLLOWING RATES SHALL APPLY:

 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $40,000                     $0
 OVER $40,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $40,000
 OVER $250,000 BUT NOT OVER           $8,400 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550                      $49,777.50 PLUS 8.82% OF EXCESS
                                      OVER $1,077,550
 (9) FOR TAXABLE YEARS BEGINNING IN TWO THOUSAND THIRTY-FOUR, THE FOLLOW-
 ING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $45,000                     $0
 OVER $45,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $45,000
 OVER $250,000 BUT NOT OVER           $8,200 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550                      $49,577.50 PLUS 8.82% OF EXCESS
                                      OVER $1,077,550
   (10) FOR TAXABLE YEARS BEGINNING  IN  TWO  THOUSAND  THIRTY-FIVE,  THE
 FOLLOWING RATES SHALL APPLY:
 
 IF THE NEW YORK TAXABLE INCOME IS:   THE TAX IS:
 NOT OVER $50,000                     $0
 OVER $50,000 BUT NOT OVER            4% OF EXCESS OVER
 $250,000                             $50,000
 OVER $250,000 BUT NOT OVER           $8,000 PLUS 5% OF EXCESS
 $1,077,550                           OVER $250,000
 OVER $1,077,550                      $49,377.50 PLUS 8.82% OF EXCESS
                                      OVER $1,077,550
   §  5.  The opening paragraph of subsection (d-4) of section 601 of the
 tax law is REPEALED.
   § 6. Subsections (d-5), (d-6) and (d-7) of section 601 of the tax  law
 are REPEALED.
   § 7. This act shall take effect immediately.

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Senate Bill S9110

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Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue Committee

Actions

co-Sponsors

2025-S9110 (ACTIVE) - Details

2025-S9110 (ACTIVE) - Summary

2025-S9110 (ACTIVE) - Sponsor Memo

2025-S9110 (ACTIVE) - Bill Text download pdf

Comments