STATE OF NEW YORK
________________________________________________________________________
587--A
2025-2026 Regular Sessions
IN SENATE(Prefiled)
January 8, 2025
___________
Introduced by Sens. MARTINS, ASHBY, BORRELLO, CANZONERI-FITZPATRICK,
CHAN, GALLIVAN, HELMING, LANZA, MATTERA, MURRAY, OBERACKER, ORTT,
PALUMBO, RHOADS, ROLISON, STEC, TEDISCO, WALCZYK, WEBER, WEIK -- read
twice and ordered printed, and when printed to be committed to the
Committee on Budget and Revenue -- recommitted to the Committee on
Budget and Revenue in accordance with Senate Rule 6, sec. 8 -- commit-
tee discharged, bill amended, ordered reprinted as amended and recom-
mitted 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.
LBD01776-02-6
