New York S 587: Establishes a tax deduction for cash and credit card tips received

Status: NOTICE OF COMMITTEE CONSIDERATION - REQUESTED (as of 2026-03-19)

State: New York · Session: 2025-2026 · Bill: S 587

Sponsors: Jack M. Martins, Alexis Weik, Andrew J. Lanza, Anthony H. Palumbo, Dan Stec, Dean Murray, George Borrello, Jake Ashby, James Tedisco, Mario Mattera, Mark Walczyk, Pamela Helming, Patricia Canzoneri-Fitzpatrick, Patrick M. Gallivan, Peter Oberacker, Robert Ortt, Robert Rolison, Stephen T. Chan, Steve Rhoads, Thomas F. O'Mara, William Weber

Bill Text

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S00587 Summary:

BILL NOS00587A

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SAME ASSAME AS A05856-A

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SPONSORMARTINS

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COSPNSRASHBY, BORRELLO, CANZONERI-FITZPATRICK, CHAN, GALLIVAN, HELMING, LANZA, MATTERA, MURRAY, OBERACKER,
 O'MARA, ORTT, PALUMBO, RHOADS, ROLISON, STEC, TEDISCO, WALCZYK, WEBER, WEIK

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MLTSPNSR

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Amd §612, Tax L

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Establishes an income tax deduction for cash and credit card tips received which are considered wages or compensation.

Go to top S00587 Actions:

BILL NOS00587A

&nbsp

01/08/2025REFERRED TO BUDGET AND REVENUE

03/17/2025NOTICE OF COMMITTEE CONSIDERATION - REQUESTED

05/28/2025REPORTED AND COMMITTED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO BUDGET AND REVENUE

01/13/2026AMEND (T) AND RECOMMIT TO BUDGET AND REVENUE

01/13/2026PRINT NUMBER 587A

03/19/2026NOTICE OF COMMITTEE CONSIDERATION - REQUESTED

Go to topS00587 Committee&nbspVotes:

Go to topS00587 Floor&nbspVotes:

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

Go to topS00587 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 587--A

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. MARTINS, ASHBY, BORRELLO, CANZONERI-FITZPATRICK,
 CHAN, GALLIVAN, HELMING, LANZA, MATTERA, MURRAY, OBERACKER, ORTT,
 PALUMBO, RHOADS, ROLISON, STEC, TEDISCO, WALCZYK, WEBER, WEIK -- read
 twice and ordered printed, and when printed to be committed to the
 Committee on Budget and Revenue -- recommitted to the Committee on
 Budget and Revenue in accordance with Senate Rule 6, sec. 8 -- commit-
 tee discharged, bill amended, ordered reprinted as amended and recom-
 mitted to said committee

 AN ACT to amend the tax law, in relation to establishing a tax deduction
 for cash and credit card tips received

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

 1 Section 1. Subsection (c) of section 612 of the tax law is amended by
 2 adding a new paragraph 48 to read as follows:
 3 (48) The amount of cash and credit card tips received during the taxa-
 4 ble year which are considered wages or compensation, as such terms are
 5 defined in section six thousand fifty-three of the internal revenue
 6 code.
 7 § 2. This act shall take effect immediately and shall apply to all
 8 taxable years beginning on or after January 1, 2026.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01776-02-6

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