New York Senate Bill 8577: 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.

New York · 2025-2026 session

Status: In committee

What it does

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.

Latest action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (2026-01-07)

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