STATE OF NEW YORK
________________________________________________________________________
5856--A
2025-2026 Regular Sessions
IN ASSEMBLY
February 24, 2025
___________
Introduced by M. of A. DURSO, ANGELINO, McDONOUGH, JENSEN, DeSTEFANO,
SIMPSON, PIROZZOLO, SLATER, PALMESANO, MAHER, SEMPOLINSKI, SMULLEN,
GIGLIO, BRABENEC, K. BROWN, TANNOUSIS, CHLUDZINSKI, GANDOLFO, WALSH --
read once and referred to the Committee on Ways and Means -- recommit-
ted to the Committee on Ways and Means in accordance with Assembly
Rule 3, sec. 2 -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the tax law, in relation to establishing a tax deduction
for cash and credit card tips received
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subsection (c) of section 612 of the tax law is amended by
2 adding a new paragraph 48 to read as follows:
3 (48) The amount of cash and credit card tips received during the taxa-
4 ble year which are considered wages or compensation, as such terms are
5 defined in section six thousand fifty-three of the internal revenue
6 code.
7 § 2. This act shall take effect immediately and shall apply to all
8 taxable years beginning on or after January 1, 2026.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01776-03-6
