New York S 9110: Relates to the personal income tax rates; repealer

Bill Text

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S09110 Summary:

BILL NOS09110 

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SAME ASSAME AS A11253

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SPONSORRHOADS

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COSPNSRASHBY, BORRELLO, CANZONERI-FITZPATRICK, HELMING, OBERACKER, PALUMBO, STEC, WALCZYK, WEBER, WEIK

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MLTSPNSR

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Rpld §601 sub§§ (a), (b), (c), (d), (d-5), (d-6) & (d-7), sub§ (d-4) opening ¶, amd §601, Tax L

&nbsp

Phases in tax cuts to the personal income tax over a period of ten years; repeals certain provisions relating to tax benefit recapture.

Go to top S09110 Actions:

BILL NOS09110 

&nbsp

02/03/2026REFERRED TO BUDGET AND REVENUE

03/19/2026NOTICE OF COMMITTEE CONSIDERATION - REQUESTED

Go to topS09110 Committee&nbspVotes:

Go to topS09110 Floor&nbspVotes:

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

Go to topS09110 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9110

 IN SENATE

 February 3, 2026
 ___________

 Introduced by Sen. RHOADS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Budget and Revenue

 AN ACT to amend the tax law, in relation to the personal income tax
 rate; and to repeal certain provisions of such law relating thereto

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

 1 Section 1. Subsection (a) of section 601 of the tax law is REPEALED
 2 and a new subsection (a) is added to read as follows:
 3 (a) Resident married individuals filing joint returns and resident
 4 surviving spouses. There is hereby imposed for each taxable year on the
 5 New York taxable income of every resident married individual who makes a
 6 single return jointly with their spouse under subsection (b) of section
 7 six hundred fifty-one of this article and on the New York taxable income
 8 of every resident surviving spouse a tax determined in accordance with
 9 the following tables:
 10 (1) For taxable years beginning in two thousand twenty-six, the
 11 following rates shall apply:

 12 If the New York taxable income is: The tax is:
 13 Not over $10,000 $0
 14 Over $10,000 but not over $500,000 4% of excess over $10,000
 15 Over $500,000 but not over $19,600 plus 5% of excess over
 16 $2,155,350 $500,000
 17 Over $2,155,350 but not over $102,367.50 plus 9.65% of excess
 18 $5,000,000 over $2,155,350
 19 Over $5,000,000 but not over $376,876.23 plus 10.30% of
 20 $25,000,000 excess over $5,000,000
 21 Over $25,000,000 $2,436,876.23 plus 10.90% of
 22 excess over $25,000,000
 23 (2) For taxable years beginning in two thousand twenty-seven, the
 24 following rates shall apply:

 25 If the New York taxable income is: The tax is:
 26 Not over $20,000 $0

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14609-02-6

 S. 9110 2

 1 Over $20,000 but not over $500,000 4% of excess over $20,000
 2 Over $500,000 but not over $19,200 plus 5% of excess over
 3 $2,155,350 $500,000
 4 Over $2,155,350 but not over $101,967.50 plus 9.65% of excess
 5 $5,000,000 over $2,155,350
 6 Over $5,000,000 but not over $376,476.23 plus 10.30% of
 7 $25,000,000 excess over $5,000,000
 8 Over $25,000,000 $2,436,476.23 plus 10.90% of
 9 excess over $25,000,000
 10 (3) For taxable years beginning in two thousand twenty-eight, the
 11 following rates shall apply:

 12 If the New York taxable income is: The tax is:
 13 Not over $30,000 $0
 14 Over $30,000 but not over 4% of excess over
 15 $500,000 $30,000
 16 Over $500,000 but not over $18,800 plus 5% of excess
 17 $2,155,350 over $500,000
 18 Over $2,155,350 but not over $101,567.50 plus 9.65% of excess
 19 $5,000,000 over $2,155,350
 20 Over $5,000,000 but not over $376,076.23 plus 10.30% of
 21 $25,000,000 excess over $5,000,000
 22 Over $25,000,000 $2,436,076.23 plus 10.90% of
 23 excess over $25,000,000
 24 (4) For taxable years beginning in two thousand twenty-nine, the
 25 following rates shall apply:

 26 If the New York taxable income is: The tax is:
 27 Not over $40,000 $0
 28 Over $40,000 but not over 4% of excess over
 29 $500,000 $40,000
 30 Over $500,000 but not over $18,400 plus 5% of excess
 31 $2,155,350 over $500,000
 32 Over $2,155,350 but not over $101,167.50 plus 9.65% of excess
 33 $5,000,000 over $2,155,350
 34 Over $5,000,000 but not over $375,676.23 plus 10.30%