Extends the expiration date of the personal income tax surcharge imposed by the city of Yonkers.
Summary
This bill extends the authorization for the City of Yonkers to impose its local personal income tax surcharge. Under current law, the surcharge authority is scheduled to expire for taxable years beginning before January 1, 2026; the bill changes that end date to January 1, 2028. It also updates related provisions governing the timing and effectiveness of local laws and amendments tied to the surcharge so they continue to operate through the new expiration date.
The bill further amends a separate provision of chapter 535 of the laws of 1987, which governs the Yonkers personal income tax surcharge, by moving the expiration date of section 5 of that act from September 30, 2025 to September 30, 2027. The measure is largely technical and conforming in nature, ensuring that the statutory framework for the Yonkers surcharge remains in place for an additional two years.
Impact
The bill amends the Tax Law and chapter 535 of the laws of 1987 to extend the legal authority for Yonkers to continue collecting its personal income tax surcharge and to keep the associated administrative rules in effect. It affects the city of Yonkers, its residents subject to the surcharge, and the state Department of Taxation and Finance, which administers and collects the tax. No new tax rate is created; the bill preserves existing local taxing authority by extending the sunset dates in multiple sections of law.
Sentiment
Based on the bill text and available context, the measure appears routine and noncontroversial. There are no recorded committee transcripts or votes indicating opposition or debate, and the bill’s purpose is a straightforward extension of an existing local tax mechanism. The overall sentiment is best characterized as neutral to supportive, reflecting maintenance of current fiscal arrangements rather than a policy change.
Contention
No specific points of contention are documented in the available materials. If any concerns were raised, they would likely relate to the continued burden of the Yonkers surcharge on residents or the broader policy question of extending a local income tax beyond its scheduled expiration. However, the provided record does not show named opponents, amendments, or disputed provisions.
Extends the authority of the county of Nassau to impose hotel and motel taxes; extends the expiration of certain provisions relating to a surcharge on tickets to places of entertainment in such county, a charge for copying and searching for police accident reports, and receipt of service charges by the Nassau county traffic and parking violations agency; extends the authority of Nassau County to impose additional sales and compensating use taxes and local government assistance programs in Nassau County.
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.
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.
Authorizes a surcharge for the issuance of permits relating to the obstruction or closure of a street or pedestrian plaza for construction purposes in a city having a population of one million or more and to the imposition of such surcharge.
Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2026-2027 state fiscal year; relates to enhancing and reforming the child and dependent care credit (Part A); excludes certain tips earned up to twenty-five thousand dollars from New York adjusted gross income (Part B); retains the deductibility of certain charitable contributions (Part C); standardizes the definition of farmer for various tax credits (Part D); extends the current corporate tax rate for businesses with a business income base of more than five million dollars but not over ten million dollars until 2030; increases the corporate tax rate for businesses with a business income base of more than ten million dollars to nine and one-quarter percent (Part E); relates to exemptions from calculation of income in certain cases (Part F); relates to the treatment of certain deductions allowable under the internal revenue code in calculating New York city taxable income for corporations (Part G); relates to extending the commercial security tax credit (Part I); enhances the New York city musical and theatrical production credit (Part J); relates to alternative nicotine products (Part K); relates to the taxation of vapor products imported into or manufactured in the state by a vapor products distributor; relates to the requirements of vapor products distributors and vapor products dealers and to the enforcement of such taxes on vapor products (Part L); extends the real estate transfer tax rate reduction for conveyances of real property to existing real estate investment funds (Part M); establishes a sales and use tax reregistration program, and a sales and use tax penalty and interest discount program (Part N); establishes a sales tax exemption for electric vehicle charging stations (Part O); extends the sales tax exemption for certain sales made through a vending machine for three years (Part P); extends the residential energy storage sales tax exemption for two years (Part Q); relates to petroleum business tax filing deadline for commercial vessel operators (Part R); extends the alternative fuels tax exemptions (Part S); makes technical corrections to the STAR exemption and STAR credit programs (Part T); extends the assessment ceiling for local public utility mass real property to January 1, 2031 (Part U); conforms pari-mutuel tax provisions and makes technical corrections (Part W); extends capital acquisition funds for the off-track betting corporation (Part X); extends certain provisions of law relating to licenses for simulcast facilities, sums relating to track simulcast, simulcast of out-of-state thoroughbred races, simulcasting of races run by out-of-state harness tracks, distributions of wagers, and the imposition of certain taxes related thereto for an additional year (Part Y); extends certain seasonal employee licensing requirements for race dates assigned to Belmont Park at Saratoga Racetrack in 2026 (Part Z); provides for a middle-class tax cut and increasing the temporary personal income high income surcharge (Part AA); establishes a power rebate check to provide financial relief to residential utility ratepayers (Part BB); establishes a credit against the tax on personal income beginning in the 2026 tax year (Part CC); establishes a small business savings account program; provides tax incentives for contributions and distributions (Part DD); increases the current small business subtraction modification (Part EE); establishes a tax credit for donations made by food service establishments engaged in the sale, manufacture, or distribution of food within the state (Part FF); increases tax credits for donations to food pantries made by farmers by increasing the allowable percentage of the fair market value of such donations and increasing the maximum amount of such credit for taxable years beginning on or after January 1, 2026 (Part GG); extends the benefit window of the historic homeownership rehabilitation tax credit; requires additional reporting on the utilization of such credit (Part HH); imposes an excise tax on energy used in digital asset mining (Part II); provides for cities to enact a vacancy surcharge on vacant and abandoned property (Part JJ); exempts from sales tax certain tangible personal property and services (Part KK); establishes sales tax exemptions for commercial energy storage systems equipment (Part LL); repeals the excise tax on medical cannabis and the medical cannabis trust fund (Part MM); relates to standardbred testing (Part NN); reduces the credit allowed on pass-through entities in the city of New York (Part OO); increases tax rates imposed on unincorporated businesses and corporations in New York city for taxable years beginning on or after January 1, 2026 (Part PP); increases the rate of tax on certain conveyances of real property, transfers of leasehold interests, and transfers of controlling economic interests in real property in the city of New York (Part QQ).