NY S07378 | 2019-2020 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 22-0)
Status: Introduced on January 22 2020 - 25% progression, died in committee
Action: 2020-01-22 - REFERRED TO BUDGET AND REVENUE
Pending: Senate Budget and Revenue Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 22 2020 - 25% progression, died in committee
Action: 2020-01-22 - REFERRED TO BUDGET AND REVENUE
Pending: Senate Budget and Revenue Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Extends the top state income tax rate to 11.82% for taxpayers whose New York taxable income is over $100,000,000 and establishes new brackets below such top rate, and directs the revenue from such rate increases to foundation aid.
Title
Extends the top state income tax rate to 11.82% for taxpayers whose New York taxable income is over $100,000,000 and establishes new brackets below such top rate, and directs the revenue from such rate increases to foundation aid.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-22 | Senate | REFERRED TO BUDGET AND REVENUE |
Same As/Similar To
A10363 (Same As) 2020-04-29 - referred to ways and means
