New York A 1058: Relates to reports on exemptions from taxation

Bill Text

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A01058 Summary:

BILL NOA01058 

&nbsp

SAME ASNo Same As

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SPONSORMamdani

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COSPNSRForrest

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MLTSPNSR

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Amd §529, Lab L

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Requires that the average annual wage and average weekly wage of the state of New York, which determine the maximum cap for unemployment insurance benefits, be adjusted for inflation each year.

Go to top A01058 Actions:

BILL NOA01058 

&nbsp

01/08/2025referred to labor

01/05/2026enacting clause stricken

Go to topA01058 Committee&nbspVotes:

Go to topA01058 Floor&nbspVotes:

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

Go to topA01058 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1058

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 8, 2025
 ___________

 Introduced by M. of A. MAMDANI -- read once and referred to the Commit-
 tee on Labor

 AN ACT to amend the labor law, in relation to indexing unemployment
 benefits to inflation

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

 1 Section 1. Section 529 of the labor law, as added by section 3 of part
 2 O of chapter 57 of the laws of 2013, is amended to read as follows:
 3 § 529. Average annual wage; average weekly wage. 1. The "average annu-
 4 al wage" shall be the average annual wage of the state of New York for
 5 the previous calendar year, as determined by the commissioner no later
 6 than the thirty-first day of May of each year, increased by the rate of
 7 inflation, if greater than zero, as based on the consumer price index
 8 for the previous calendar year, as reported by the United States bureau
 9 of labor statistics.
 10 2. The "average weekly wage" shall be the average weekly wage of the
 11 state of New York for the previous calendar year, as determined by the
 12 commissioner no later than the thirty-first day of May of each year,
 13 increased by the rate of inflation, if greater than zero, as based on
 14 the consumer price index for the previous calendar year, as reported by
 15 the United States bureau of labor statistics.
 16 § 2. This act shall take effect on the first of January next succeed-
 17 ing the date on which it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00264-01-5

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