Authorizes a city business tax surcharge of twenty-five percent on the tax liability imposed on any business subject to tax as a corporation, in a city with a population of one million or more.
STATE OF NEW YORK
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9189
IN SENATE
February 12, 2026
___________
Introduced by Sen. GONZALEZ -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law, in relation to authorizing a city business
tax surcharge in a city with a population of one million or more
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The tax law is amended by adding a new article 30-C to read
2 as follows:
3 ARTICLE 30-C
4 CITY BUSINESS TAX SURCHARGE AUTHORIZATION
5 Section 1350. City business tax surcharge authorization.
6 § 1350. City business tax surcharge authorization. Any city in this
7 state having a population of one million or more inhabitants, acting
8 through its local legislative body, is hereby authorized and empowered
9 to adopt and amend local laws imposing in any such city, for taxable
10 years beginning on or after January first, two thousand twenty-six, a
11 surcharge of twenty-five percent on the tax liability imposed on any
12 business subject to tax as a corporation, including a corporation treat-
13 ed as an S corporation or qualified subchapter S subsidiary under inter-
14 nal revenue code of 1986, as amended, or as an unincorporated business.
15 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14860-01-6
