New York bills · 2025 Regular Session
New York S 8577
Enacts the "fair share act"
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- John Liu (Democratic)
Cosponsors (14)
- Jabari Brisport (Democratic/Working Families)
- Cordell Cleare (Democratic)
- Michael Gianaris
- Kristen Gonzalez (Democratic/Working Families)
- Robert Jackson (Democratic/Working Families)
- Zellnor Myrie (Democratic)
- Kevin S. Parker (Democratic/Working Families)
- Jessica Ramos (Democratic/Working Families)
- Gustavo Rivera (Democratic/Working Families)
- Julia Salazar (Democratic/Working Families)
- James Sanders Jr. (Democratic)
- Luis R. Sepúlveda (Democratic)
- José M. Serrano (Democratic/Working Families)
- Toby Ann Stavisky (Democratic)
Summary
Official abstract published by the New York legislature
Enacts the "fair share act"; authorizes cities imposing city personal income taxes to adopt and amend local laws imposing an additional tax of two percent on the annual city taxable income of city residents, estates and trusts reporting any return in excess of one million dollars.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · Senate
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS - Nov 14, 2025 · Senate
REFERRED TO RULES