BILL NUMBER: S436
SPONSOR: STEWART-COUSINS
 
TITLE OF BILL:
An act to amend the tax law and chapter 535 of the laws of 1987, amend-
ing the tax law relating to the city of Yonkers personal income tax
surcharge, in relation to extending the expiration date of the personal
income tax surcharge
 
PURPOSE:
The purpose of this bill is to extend the authorization for the city of
Yonkers to impose a personal income tax surcharge until January 1, 2028.
 
SUMMARY OF PROVISIONS:
Section 1 of the bill amends the tax law to allow any city with a popu-
lation of more than 180,000 residents, but less than 250,000 residents,
to impose a city income tax surcharge on residents, and such tax
surcharge is only enforceable until January 1, 2028.
Section 2 amends the tax law to extend the date for which local laws,
made after 1984 and sent by certified mail to the commissioner, are
effective to January 1, 2028.
Section 3 amends the tax law to extend the date for which local laws,
made after 1984 and sent by certified mail to the commissioner, are
effective to January 1, 2028.
Section 4 amends the tax law to increase the taxable years to which
Yonkers' local law applies until January 1, 2028.
Section 5 amends the tax law to extend the expiration date of the law to
September 30, 2027. Section 6 is the effective date.
 
JUSTIFICATION:
This bill extends the authority of the city of Yonkers to impose an
income tax surcharge on its residents from January 1, 2026 to Janury 1,
2028. Because revenues from the income tax surcharge are included in the
city's budget, this extension is necessary in order to help Yonkers
maintain financial stability.
 
LEGISLATIVE HISTORY:
2023 - S6825 (Stewart-Cousins); Chapter 180
2021 - S6797 (Stewart-Cousins); Chapter 229
2019 - S4466 (Stewart-Cousins); Chapter 62
2017 - S1757 (Stewart-Cousins); Chapter 83
2015 - S3879 (Stewart-Cousins); Chapter 37
2013 - S4298 (Stewart-Cousins); Chapter 70
2011 - S2984 (Stewart-Cousins); Chapter 255
2009 - S3335 (Stewart-Cousins); Chapter 141
 
FISCAL IMPLICATIONS:
None to the State.
 
EFFECTIVE DATE:
This bill shall take effect immediately.

Statutes affected:
S436: 1321 tax law, 1321(a) tax law, 1321(c) tax law, 1340 tax law, 1340(b) tax law, 1340(c) tax law