New York · 2025 Regular Session · Bill

S 953: Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; and imposes an additional tax on individual business income

In committee Last action January 8, 2025: REFERRED TO BUDGET AND REVENUE

Plain-language summary

S 953 is a bill introduced in the New York Senate on January 8, 2025. According to its official title, it concerns: Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; and imposes an additional tax on individual business income. Primary sponsor: Brad Hoylman-Sigal. It lists 14 additional sponsors. Most recent recorded action (January 8, 2025): REFERRED TO BUDGET AND REVENUE.

Sponsors

Primary sponsor: Brad Hoylman-Sigal. 14 co-sponsors.