New York S 10609: Relates to personal income taxes in the city of New York

Bill Text

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S10609 Summary:

BILL NOS10609 

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SAME ASSAME AS A11535

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SPONSORBOTTCHER

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Amd §§1212-a, 1301, 1304 & 1304-B, Tax L; amd §§11-604, 11-1701, 11-1704.1, 11-2002 & 11-2040, NYC Ad Cd; amd
§4, Chap 877 of 1975; amd §6, Chap 884 of 1975; amd §2, Chap 882 of 1977

&nbsp

Extends certain provisions of law relating to tax rates and the imposition of income taxes in the city of New York.

Go to top S10609 Actions:

BILL NOS10609 

&nbsp

05/29/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

06/02/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/02/2026ORDERED TO THIRD READING CAL.1603

06/02/2026PASSED SENATE

06/02/2026DELIVERED TO ASSEMBLY

Go to topS10609 Committee&nbspVotes:

Go to topS10609 Floor&nbspVotes:

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

Go to topS10609 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10609

 IN SENATE

 May 29, 2026
 ___________

 Introduced by Sen. BOTTCHER -- (at request of the NYC Finance) -- 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, the administrative code of the city of New
 York, chapter 877 of the laws of 1975, chapter 884 of the laws of 1975
 and chapter 882 of the laws of 1977, relating to the imposition of
 certain taxes in the city of New York, in relation to postponing the
 expiration of certain tax rates and taxes in 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. Paragraph 3 of subdivision (a) of section 1212-a of the tax
 2 law, as amended by chapter 345 of the laws of 2023, is amended to read
 3 as follows:
 4 (3) a tax, at the same uniform rate, but at a rate not to exceed four
 5 and one-half per centum, in multiples of one-half of one per centum, on
 6 the receipts from every sale of any or all of the following services in
 7 whole or in part: credit rating, credit reporting, credit adjustment and
 8 collection services, including, but not limited to, those services
 9 provided by mercantile and consumer credit rating or reporting bureaus
 10 or agencies and credit adjustment or collection bureaus or agencies,
 11 whether rendered in written or oral form or in any other manner, except
 12 to the extent otherwise taxable under article twenty-eight of this chap-
 13 ter; notwithstanding the foregoing, collection services shall not
 14 include those services performed by a law office or a law and collection
 15 office, the maintenance or conduct of which constitutes the practice of
 16 law, if the services are performed by an attorney at law who has been
 17 duly licensed and admitted to practice law in this state. The local law
 18 imposing the taxes authorized by this paragraph may provide for exclu-
 19 sions and exemptions in addition to those provided for in such para-
 20 graph. Provided, however, that the tax hereby authorized shall not be
 21 imposed after November thirtieth, two thousand [twenty-six] twenty-nine.
 22 § 2. Subsection (a) of section 1301 of the tax law, as amended by
 23 chapter 345 of the laws of 2023, is amended to read as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD16029-01-6

 S. 10609 2

 1 (a) Notwithstanding any other provision of law to the contrary, any
 2 city in this state having a population of one million or more inhabit-
 3 ants, acting through its local legislative body, is hereby authorized
 4 and empowered to adopt and amend local laws imposing in any such city,
 5 for taxable years beginning after nineteen hundred seventy-five:
 6 (1) a tax on the personal income of residents of such city, at the
 7 rates provided for under subsection (a) of section thirteen hundred four
 8 of this article for taxable years beginning before two thousand [twen-
 9 ty-seven] thirty, and at the rates provided for under subsection (b) of
 10 section thirteen hundred four of this article for taxable years begin-
 11 ning after two thousand [twenty-six] twenty-nine, provided, however,
 12 that if, for any taxable year beginning after two thousand [twenty-six