New York 2025-2026 Regular Session

New York Senate Bill S00953

Introduced
1/8/25  

Caption

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.

Companion Bills

NY A01971

Same As Increases the tax rate on corporate income.

Previously Filed As

NY A1274

Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax.

NY SB1435

Personal Income Tax Law and Corporation Tax Law: federal conformity.

NY A1757

Provides corporation business tax and gross income tax credits for businesses that employ formerly incarcerated individuals.

NY HF3815

Individual income and corporate franchise taxes; federal changes to the deduction for business interest conformed.

NY A01971

Increases the tax rate on corporate income.

NY A748

Allows corporation business tax and gross income tax credits to businesses employing qualified ex-offenders.

NY S227

Allows corporation business tax and gross income tax credits to businesses employing qualified ex-offenders.

NY S1667

Provides corporation business tax credits and gross income tax credits to businesses employing and retaining certain neurodiverse individuals.

NY A3075

Provides corporation business tax credits and gross income tax credits to businesses employing and retaining certain neurodiverse individuals.

NY A1177

Excludes gains on sales of certain real estate purchases from taxation under corporation business tax and gross income tax.

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IA HF182

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IA SSB1080

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