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New York · 2025 Regular Session · Bill

A 5377: Relates to calculation of franchise tax on businesses with a business income base over five million dollars

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

A 5377 is a bill introduced in the New York House on February 13, 2025. According to its official title, it concerns: Relates to calculation of franchise tax on businesses with a business income base over five million dollars. Primary sponsor: Michaelle Solages (Democratic). It lists 2 additional sponsors. Most recent recorded action (February 13, 2026): PRINT NUMBER 5377A.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Provides that the franchise tax on businesses with a business income base over five million dollars shall be nine percent of such income base.

Sponsors

Sponsors by party (alphabetical): Democratic 3

NameRolePartyChamberDistrict
Michaelle SolagesPrimary sponsorDemocraticHouse22
Emily GallagherCo-sponsorDemocraticHouse50
Al TaylorCo-sponsorDemocraticHouse71

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. PRINT NUMBER 5377A
  2. AMEND AND RECOMMIT TO WAYS AND MEANS
  3. REFERRED TO WAYS AND MEANS
  4. REFERRED TO WAYS AND MEANS

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source