New York · 2025 Regular Session · Bill
S 1556: Relates to indexing personal income taxes to the cost of living adjustment; repealer
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 1556 is a bill introduced in the New York Senate on January 10, 2025. According to its official title, it concerns: Relates to indexing personal income taxes to the cost of living adjustment; repealer. Primary sponsor: Tony Palumbo (Republican). It lists 5 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO BUDGET AND REVENUE.
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.
Indexes personal income taxes to the cost of living adjustment beginning in 2026.
Sponsors
Sponsors by party (alphabetical): Republican 1 · Republican/Conservative 4 · Republican/Conservative/Independence 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Tony Palumbo | Primary sponsor | Republican | Senate | 1 |
| George Borrello | Co-sponsor | Republican/Conservative | Senate | 57 |
| Joe Griffo | Co-sponsor | Republican/Conservative | Senate | 53 |
| Pam Helming | Co-sponsor | Republican/Conservative | Senate | 54 |
| Peter Oberacker | Co-sponsor | Republican/Conservative | Senate | 51 |
| Dan Stec | Co-sponsor | Republican/Conservative/Independence | Senate | 45 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO BUDGET AND REVENUE
- REFERRED TO BUDGET AND REVENUE