NY S01980 | 2023-2024 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 14-0)
Status: Introduced on January 18 2023 - 25% progression
Action: 2024-01-03 - REFERRED TO BUDGET AND REVENUE
Pending: Senate Budget and Revenue Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 18 2023 - 25% progression
Action: 2024-01-03 - REFERRED TO BUDGET AND REVENUE
Pending: Senate Budget and Revenue Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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; imposes an additional tax on individual business income in response to federal tax benefits for pass-through business income.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-03 | Senate | REFERRED TO BUDGET AND REVENUE |
| 2023-01-18 | Senate | REFERRED TO BUDGET AND REVENUE |
Same As/Similar To
A03690 (Same As) 2024-01-03 - referred to ways and means
