New York A 8752: Relates to businesses with fewer than twenty employees

Bill Text

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A08752 Summary:

BILL NOA08752 

&nbsp

SAME ASSAME AS S07014

&nbsp

SPONSORRa

&nbsp

COSPNSRMolitor

&nbsp

MLTSPNSR

&nbsp

Amd §§210 & 601, Tax L

&nbsp

Provides that any taxpayer who employees twenty or fewer employees, the first fifty thousand dollars is exempted from taxation.

Go to top A08752 Actions:

BILL NOA08752 

&nbsp

06/02/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA08752 Committee&nbspVotes:

Go to topA08752 Floor&nbspVotes:

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

Go to topA08752 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8752

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 2, 2025
 ___________

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

 AN ACT to amend the tax law, in relation to certain business taxpayers

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

 1 Section 1. Section 210 of the tax law is amended by adding a new
 2 subdivision 4 to read as follows:
 3 4. In the case of a taxpayer who employs twenty or fewer employees,
 4 the first fifty thousand dollars is exempt from taxation.
 5 § 2. Section 601 of the tax law is amended by adding a new subsection
 6 (h-1) to read as follows:
 7 (h-1) Businesses with twenty or fewer employees. In the case of a
 8 taxpayer who employs twenty or fewer employees, the first fifty thousand
 9 dollars is exempt from taxation.
 10 § 3. This act shall take effect immediately and shall apply to taxable
 11 years beginning on or after January 1, 2027.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10912-01-5

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