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A01971 Summary:
| BILL NO | A01971 |
| SAME AS | SAME AS S00953 |
| SPONSOR | Kelles |
| COSPNSR | Epstein, Shrestha, Gonzalez-Rojas, Simone, Raga, Levenberg, Dinowitz, Ramos, Alvarez, Reyes, Forrest, Mamdani, Mitaynes, Gallagher, Carroll R, Meeks, Shimsky, Simon, Lee, De Los Santos, Rosenthal, Seawright, Bichotte Hermelyn, Sayegh, Davila, Valdez, Cruz, Taylor |
| MLTSPNSR | |
| Amd §§208, 210, 210-A & 606, add §608, Tax L | |
| Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; imposes an additional tax on individual business income in response to federal tax benefits for pass-through business income. | |