New York S 323: Prohibits any funding of the administrative costs of the state's paid family leave program by employers

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S00323 Summary:

BILL NOS00323 

&nbsp

SAME ASSAME AS A00970

&nbsp

SPONSORSKOUFIS

&nbsp

COSPNSRJACKSON, KRUEGER, RIVERA, SALAZAR, SANDERS

&nbsp

MLTSPNSR

&nbsp

Add §183-b, Tax L

&nbsp

Requires that certain companies pay an annual tax if the chief executive receives compensation 100 to 250 times greater than the median pay of all their employees.

Go to top S00323 Actions:

BILL NOS00323 

&nbsp

01/08/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS00323 Committee&nbspVotes:

Go to topS00323 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00323 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 323

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. SKOUFIS, JACKSON, KRUEGER, RIVERA, SALAZAR, SANDERS
 -- read twice and ordered printed, and when printed to be committed to
 the Committee on Investigations and Government Operations

 AN ACT to amend the tax law, in relation to imposing a tax related to
 executive compensation

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The tax law is amended by adding a new section 183-b to
 2 read as follows:
 3 § 183-b. Tax on companies subject to United States securities and
 4 exchange commission pay ratio reporting requirements. Notwithstanding
 5 any other provision of this chapter, or of any other law, for the period
 6 beginning with the taxable years commencing on or after the first day of
 7 January, two thousand twenty-six, an annual tax is hereby imposed upon
 8 every company subject to the United States securities and exchange
 9 commission pay ratio reporting requirements, pursuant to section 229.402
 10 of title 17 of the code of federal regulations, at the rate of ten
 11 percent of base tax liability if such company reports to the United
 12 States securities and exchange commission a pay ratio of at least one
 13 hundred to one but less than two hundred fifty to one on United States
 14 securities and exchange commission disclosures; or at the rate of twen-
 15 ty-five percent of base tax liability if such company reports to the
 16 United States securities and exchange commission a pay ratio of two
 17 hundred fifty to one or greater on United States securities and exchange
 18 commission disclosures.
 19 § 2. This act shall take effect January 1, 2026 and shall apply to all
 20 tax years commencing on or after such date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00896-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps