New York A 10738: Relates to authorizing the city of Albany to add unpaid housing code violation penalties, costs and fines to such city's annual tax levy

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A10738 Summary:

BILL NOA10738 

&nbsp

SAME ASSAME AS S09043

&nbsp

SPONSORBurke

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§601, 601-a & 614, Tax L

&nbsp

Provides that income taxes shall be adjusted to account for a cost of living adjustment for certain tax years.

Go to top A10738 Actions:

BILL NOA10738 

&nbsp

03/27/2026referred to ways and means

Go to topA10738 Committee&nbspVotes:

Go to topA10738 Floor&nbspVotes:

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

Go to topA10738 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10738

 IN ASSEMBLY

 March 27, 2026
 ___________

 Introduced by M. of A. BURKE -- read once and referred to the Committee
 on Ways and Means

 AN ACT to amend the tax law, in relation to providing a cost of living
 adjustment to income taxes

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

 1 Section 1. Clause (viii) of subparagraph (B) of paragraph 1 of
 2 subsection (a) of section 601 of the tax law, as added by section 2 of
 3 part B of chapter 59 of the laws of 2025, is amended to read as follows:
 4 (viii) For taxable years beginning after two thousand twenty-six and
 5 before two thousand thirty-three the following rates and dollar amounts
 6 shall apply, provided however that such dollar amounts shall be adjusted
 7 by the cost of living adjustment prescribed in section six hundred one-a
 8 of this part:
 9 If the New York taxable income is: The tax is:
 10 Not over $17,150 3.80% of the New York taxable
 11 income
 12 Over $17,150 but not over $23,600 $652 plus 4.30% of excess over
 13 $17,150
 14 Over $23,600 but not over $27,900 $929 plus 5.05% of excess over
 15 $23,600
 16 Over $27,900 but not over $161,550 $1,146 plus 5.30% of excess over
 17 $27,900
 18 Over $161,550 but not over $323,200 $8,229 plus 5.80% of excess
 19 over $161,550
 20 Over $323,200 but not over $17,605 plus 6.85% of excess
 21 $2,155,350 over $323,200
 22 Over $2,155,350 but not over $143,107 plus 9.65% of excess
 23 $5,000,000 over $2,155,350
 24 Over $5,000,000 but not over $417,616 plus 10.30% of excess
 25 $25,000,000 over $5,000,000
 26 Over $25,000,000 $2,477,616 plus 10.90% of excess
 27 over $25,000,000

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14557-01-6

 A. 10738 2

 1 § 2. Clause (ix) of subparagraph (B) of paragraph 1 of subsection (a)
 2 of section 601 of the tax law, as added by section 2 of part B of chap-
 3 ter 59 of the laws of 2025, is amended to read as follows:
 4 (ix) For taxable years beginning after two thousand thirty-two the
 5 following rates and dollar amounts shall apply, provided however that
 6 such dollar amounts shall be adjusted by the cost of living adjustment
 7 prescribed in section six hundred one-a of this part:
 8 If the New York taxable income is: The tax is:
 9 Not over $17,150 3.80% of the New York taxable
 10 income
 11 Over $17,150 but not over $23,600 $652 plus 4.30% of excess over
 12 $17,150
 13 Over $23,600 but not over $27,900 $929 plus 5.05% of excess over
 14 $23,600
 15 Over $27,900 but not over $161,550 $1,146 plus 5.30% of excess over
 16 $27,900
 17 Over $161,550 but not over $323,200 $8,229 plus 5.80% of excess
 18 over $161,550
 19 Over $323,200 but not over $17,605 plus 6.85% of excess
 20 $2,155,350 over $323,200
 21 Over $2,155,350 $143,107 plus 8.82% of excess
 22 over $2,155,350

 23 § 3. Clause (viii) of subparagraph (B) of paragraph 1 of subsection
 24 (b) of section 601 of the tax law, as added by section 4 of part B of
 25 chapter 59 of the laws of 2025, is amended to read as follows:
 26 (viii) For taxable years beginning after two thousand twenty-six and
 27 before two thousand thirty-three the following rates and dollar amounts
 28 shall apply, provided however that such dollar amounts shall be adjusted
 29 by the cost of living adjustment prescribed in section six hundred one-a
 30 of this part:
 31 If the New York taxable income is: The tax is:
 32 Not over $12,800 3.80% of the New York taxable
 33 income
 34 Over $12,800 but not over $486 plus 4.30% of excess over
 35 $17,650 $12,800
 36 Over $17,650 but not over $695 plus 5.05% of excess over
 37 $20,900 $17,650
 38 Over $20