New York · 2025 Regular Session · Bill
S 1681: Relates to imposing a specific tax on all corporate stock buybacks of issued shares
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 1681 is a bill introduced in the New York Senate on January 13, 2025. According to its official title, it concerns: Relates to imposing a specific tax on all corporate stock buybacks of issued shares. Primary sponsor: Rachel May (Democratic/Working Families). It lists 1 additional sponsor. 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.
Relates to imposing a tax of one-half of one percent on all corporate stock buybacks of issued shares.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Rachel May | Primary sponsor | Democratic/Working Families | Senate | 48 |
| Pat Fahy | Co-sponsor | Democratic | Senate | 46 |
“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