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New York Assembly Bill A08752
New York 2025-2026 Regular Session
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New York 2025-2026 Regular Session

New York Assembly Bill A08752

Introduced
6/2/25  
Refer
6/2/25  

Caption

Provides that any taxpayer who employees twenty or fewer employees, the first fifty thousand dollars is exempted from taxation.

Summary

This bill would create a tax exemption for very small businesses in New York. It amends the Tax Law to provide that, for taxpayers who employ 20 or fewer employees, the first $50,000 of taxable amount is exempt from taxation. The bill applies this change to both the corporate franchise tax provisions and the personal income tax/business tax provisions referenced in the Tax Law. The exemption would take effect immediately, but it would apply only to taxable years beginning on or after January 1, 2027. In practical terms, the measure is designed to reduce the tax burden on small employers and may provide targeted relief to microbusinesses and other small-scale taxpayers with limited payrolls.

Impact

The bill would amend sections of the Tax Law governing business taxation by adding a new exemption for taxpayers with 20 or fewer employees. It would effectively reduce taxable income or tax base by the first $50,000 for qualifying businesses, thereby lowering state tax liability for small employers. The change would affect small businesses, sole proprietors or closely held entities that meet the employee threshold, while leaving larger businesses unchanged.

Sentiment

No committee transcript or recorded vote is available, so there is no direct evidence of debate or formal support/opposition in the provided materials. Based on the bill text alone, the measure appears pro-small-business and relief-oriented, with an emphasis on helping very small employers through a targeted tax exemption. The caption and structure suggest a generally favorable policy intent toward small business taxpayers.

Contention

The main policy issue is the scope of the exemption: it is limited to taxpayers with 20 or fewer employees and only applies to the first $50,000, which may prompt questions about whether the threshold is too narrow or the benefit too modest. Potential concerns could also include the fiscal impact on state revenues and whether the employee-count test is the best way to define eligible small businesses. No specific opposing or supporting stakeholders are identified in the available record.

Latest NY A08752 Activity

View All Events: NY 2025-2026 Regular Session A08752

Companion Bills

NY S07014

Same As Provides that any taxpayer who employees twenty or fewer employees, the first fifty thousand dollars is exempted from taxation.

Previously Filed As

NY S07014

Provides that any taxpayer who employees twenty or fewer employees, the first fifty thousand dollars is exempted from taxation.

NY HB1003

To Exempt From Income Tax The First Sixty Thousand Dollars ($60,000) Of Income For Certain Taxpayers.

NY S08911

Increases the amount of the credit against taxes for long-term care insurance from twenty to forty percent and from one thousand five hundred dollars to two thousand five hundred dollars.

NY A09332

Increases the monetary jurisdiction of the justice courts from three thousand dollars to fifteen thousand dollars.

NY S04202

Provides for a personal income tax deduction for student loan payments not in excess of five thousand dollars; excludes any payment not in excess of five thousand dollars made by an employer, employee, or on behalf of an employee that is directly deducted from the employee's wages through payroll and administered by a third-party platform that facilitates direct payments to educational institutions or related loan servicers on behalf of students such amount from an employee's New York state gross income; further excludes any contribution not to exceed five thousand dollars to a tuition program under section 529 of the Internal Revenue Code made through payroll deduction and facilitated by an employer or a third-party platform that facilitates direct payments to such programs on behalf of employees from the employee's New York state gross income.

NY A01245

Provides for a personal income tax deduction for student loan payments not in excess of five thousand dollars; excludes any payment not in excess of five thousand dollars made by an employer, employee, or on behalf of an employee that is directly deducted from the employee's wages through payroll and administered by a third-party platform that facilitates direct payments to educational institutions or related loan servicers on behalf of students such amount from an employee's New York state gross income; further excludes any contribution not to exceed five thousand dollars to a tuition program under section 529 of the Internal Revenue Code made through payroll deduction and facilitated by an employer or a third-party platform that facilitates direct payments to such programs on behalf of employees from the employee's New York state gross income.

NY S07829

Establishes a managerial or confidential higher education differential for employees designated managerial or confidential who hold an earned associate's degree, bachelor's degree, master's degree, or doctorate (e.g., MD, JD, Ph.D.) from a college or university or a professional license issued by the New York state education department are eligible to receive a higher education differential of up to six hundred dollars retroactively for state fiscal year two thousand twenty-four-two thousand twenty-five and for state fiscal year two thousand twenty-five-two thousand twenty-six.

NY A08554

Establishes a managerial or confidential higher education differential for employees designated managerial or confidential who hold an earned associate's degree, bachelor's degree, master's degree, or doctorate (e.g., MD, JD, Ph.D.) from a college or university or a professional license issued by the New York state education department are eligible to receive a higher education differential of up to six hundred dollars retroactively for state fiscal year two thousand twenty-four-two thousand twenty-five and for state fiscal year two thousand twenty-five-two thousand twenty-six.

NY A10837

Provides a state income tax exemption for police officers up to one hundred thousand dollars.

NY S07697

Expands the civil jurisdiction of county courts to matters of up to fifty thousand dollars and district courts to matters of up to thirty-five thousand dollars.

Similar Bills

No similar bills found.