STATE OF NEW YORK
________________________________________________________________________
11728
IN ASSEMBLY
September 16, 2026
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Woerner) --
read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to increasing the maximum
amount of sales tax credit allowed to vendors
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph 2 of subdivision (f) of section 1137 of the tax
2 law, as amended by section 1 of part H of chapter 62 of the laws of
3 2006, is amended to read as follows:
4 (2) The amount of the credit authorized by paragraph one of this
5 subdivision shall be five percent of the amount of taxes and fees (but
6 not including any penalty or interest thereon) required to be reported
7 on, and paid or paid over with, the return but only if the return is
8 filed on or before the filing due date, but not more than [two] five
9 hundred dollars, for each quarterly or longer period, except that, with
10 respect to returns required to be filed for quarterly or longer periods
11 ending on or before the last day of February, two thousand seven, the
12 amount of the credit shall be not more than one hundred seventy-five
13 dollars for each such quarterly or longer period.
14 § 2. This act shall take effect immediately and shall apply to taxable
15 years beginning on or after January 1, 2027.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD16350-01-6
