New York S 7306: Provides that taxpayers in the city of New York with certain lower income levels shall not be subject to city personal income taxation

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S07306 Summary:

BILL NOS07306 

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SAME ASNo Same As

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SPONSORCLEARE

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COSPNSR

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MLTSPNSR

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Amd §§1304, 1304-B & 1304-D, Tax L

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Provides that taxpayers in the city of New York with certain lower income levels shall not be subject to city personal income taxation.

Go to top S07306 Actions:

BILL NOS07306 

&nbsp

04/09/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS07306 Committee&nbspVotes:

Go to topS07306 Floor&nbspVotes:

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

Go to topS07306 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7306

 2025-2026 Regular Sessions

 IN SENATE

 April 9, 2025
 ___________

 Introduced by Sen. CLEARE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Investigations and Govern-
 ment Operations

 AN ACT to amend the tax law, in relation to making certain taxpayers
 exempt from the city personal income tax 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. Paragraphs 1, 2 and 3 of subsection (b) of section 1304 of
 2 the tax law, as amended by chapter 345 of the laws of 2023, are amended
 3 to read as follows:
 4 (1) Resident married individuals filing joint returns and resident
 5 surviving spouses. The tax under this section for each taxable year on
 6 the city taxable income of every city resident married individual who
 7 makes a single return jointly with [his or her] their spouse under
 8 subsection (b) of section thirteen hundred six of this article and on
 9 the city taxable income of every city resident surviving spouse shall be
 10 determined in accordance with the following table:

 11 For taxable years beginning after two thousand twenty-six:

 12 If the city taxable income is: The tax is:
 13 Not over [$21,600 1.18% of the city taxable income
 14 Over $21,600 but not $255 plus 1.435% of excess
 15 over] $45,000 [over $21,600] 0% of the city
 16 taxable income
 17 Over $45,000 but not $591 plus 1.455% of excess
 18 over $90,000 over $45,000
 19 Over $90,000 $1,245 plus 1.48% of excess
 20 over $90,000

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11527-01-5

 S. 7306 2

 1 (2) Resident heads of households. The tax under this section for each
 2 taxable year on the city taxable income of every city resident head of a
 3 household shall be determined in accordance with the following table:

 4 For taxable years beginning after two thousand twenty-six:

 5 If the city taxable income is: The tax is:
 6 Not over [$14,400 1.18% of the city taxable income
 7 Over $14,400 but not $170 plus 1.435% of excess
 8 over $30,000] $32,500 [over $14,400] 0% of the
 9 city taxable income
 10 Over [$30,000] $32,500 but not $394 plus 1.455% of
 11 over $60,000 excess over [$30,000]
 12 $32,500
 13 Over $60,000 $830 plus 1.48% of excess
 14 over $60,000

 15 (3) Resident unmarried individuals, resident married individuals
 16 filing separate returns and resident estates and trusts. The tax under
 17 this section for each taxable year on the city taxable income of every
 18 city resident individual who is not a city resident married individual
 19 who makes a single return jointly with [his or her] their spouse under
 20 subsection (b) of section thirteen hundred six of this article or a city
 21 resident head of household or a city resident surviving spouse, and on
 22 the city taxable income of every city resident estate and trust shall be
 23 determined in accordance with the following table:

 24 For taxable years beginning after two thousand twenty-six:

 25 If the city taxable income is: The tax is:
 26 Not over [$12,000 1.18% of the city taxable income
 27 Over $12,000 but not $142 plus 1.435% of excess
 28 over $25,000] $32,500 [over $12,000] 0% of the
 29 city taxable income
 30 Over [$25,000] $32,500 but not $328 plus 1.455% of
 31 excess
 32 over $50,000 over [$25,000] $32,500
 33 Over $50,000 $692 plus 1.48% of excess
 34 over $50,000
 35 § 2. Paragraph 1 of subsection (a) of section 1304-B of the tax law,
 36 as amended by chapter 345 of the l