New York S 9189: Relates to increasing tax rates imposed on unincorporated businesses and corporations in New York city

Bill Text

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S09189 Summary:

BILL NOS09189A

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SAME ASSAME AS A10340-A

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SPONSORGONZALEZ

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COSPNSRBRISPORT, CLEARE, JACKSON, LIU, RAMOS, RIVERA, SALAZAR, SANDERS

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MLTSPNSR

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Amd §101, §2 of Chap 772 of 1966; amd §§11-503, 11-604, 11-643.5, 11-643.8 & 11-654, NYC Ad Cd

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Increases tax rates imposed on unincorporated businesses and corporations in New York city upon adoption of a local law by the local legislative body of the city of New York.

Go to top S09189 Actions:

BILL NOS09189A

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02/12/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

03/19/2026AMEND (T) AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

03/19/2026PRINT NUMBER 9189A

Go to topS09189 Committee&nbspVotes:

Go to topS09189 Floor&nbspVotes:

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

Go to topS09189 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9189--A

 IN SENATE

 February 12, 2026
 ___________

 Introduced by Sens. GONZALEZ, BRISPORT, CLEARE, JACKSON, LIU, RIVERA,
 SALAZAR, SANDERS -- read twice and ordered printed, and when printed
 to be committed to the Committee on Investigations and Government
 Operations -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee

 AN ACT to amend chapter 772 of the laws of 1966, relating to enabling
 any city having a population of one million or more to raise tax
 revenue; and to amend the administrative code of the city of New York,
 in relation to increasing tax rates imposed on unincorporated busi-
 nesses and corporations in New York city for taxable years beginning
 on or after January first, two thousand twenty-six, upon adoption of a
 local law by the local legislative body of the city of New York

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

 1 Section 1. Subdivision (a) of section 101 of section 2 of chapter 772
 2 of the laws of 1966, relating to enabling any city having a population
 3 of one million or more to raise tax revenue, is amended to read as
 4 follows:
 5 (a) General.--A tax at the rate of four percent is hereby imposed for
 6 each taxable year, beginning with taxable years ending after January
 7 first, nineteen hundred sixty-six, on the unincorporated business taxa-
 8 ble income of every unincorporated business wholly or partly carried on
 9 within the city, provided that, for taxable years beginning on or after
 10 January first, two thousand twenty-six, for any portion of such unincor-
 11 porated business taxable income greater than five million dollars, such
 12 tax for such portion shall be at a rate of four and four-tenths percent.
 13 This tax shall be in addition to any other taxes imposed.
 14 § 2. Subdivision (a) of section 11-503 of the administrative code of
 15 the city of New York is amended to read as follows:
 16 (a) General. A tax at the rate of four percent is hereby imposed for
 17 each taxable year, beginning with taxable years ending after January
 18 first, nineteen hundred sixty-six, on the unincorporated business taxa-
 19 ble income of every unincorporated business wholly or partly carried on
 20 within the city, provided that, for taxable years beginning on or after

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14860-02-6

 S. 9189--A 2

 1 January first, two thousand twenty-six, for any portion of such unincor-
 2 porated business taxable income greater than five million dollars, such
 3 tax for such portion shall be at a rate of four and four-tenths percent.
 4 This tax shall be in addition to any other taxes imposed.
 5 § 3. Clauses 1 and 3 of subparagraph (a) of paragraph E of subdivision
 6 1 of section 11-604 of the administrative code of the city of New York,
 7 as amended by chapter 345 of the laws of 2023, are amended to read as
 8 follows:
 9 (1) an amount computed, for taxable years beginning before nineteen
 10 hundred eighty-seven, at the rate of nine per centum, [and] for taxable
 11 years beginning after nineteen hundred eighty-six and before January
 12 first, two thousand twenty-six, at the rate of eight and eighty-five
 13 one-hundredths per centum, and for taxable years beginning on o