S00953Introduced in the Senate
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.
Introduced by Brad Hoylman-Sigal, District 47
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
REFERRED TO BUDGET AND REVENUE
January 8, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
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Bill history
REFERRED TO BUDGET AND REVENUE
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