BILL NUMBER: S9110
SPONSOR: RHOADS
 
TITLE OF BILL:
An act to amend the tax law, in relation to the personal income tax
rate; and to repeal certain provisions of such law relating thereto
 
PURPOSE:
Relates to the personal income tax rates.
 
SUMMARY OF PROVISIONS:
Section 1 lowers rates and phases in an exemption of $100,000 over a ten
year period for married taxpayers filing jointly.
Section 2 lowers rates and phases in an exemption of $75,000 over a ten
year period for taxpayers filing as a head of household.
Section 3 lowers rates and phases in an exemption of $50,000 over a ten
year period for single taxpayers.
Section 4 lowers rates and phases in an exemption of $50,000 over a ten
year period for married taxpayers filing separately.
Sections 5 and 6 repeal New York's tax benefit recapture provisions.
Section 7 is the effective date
 
JUSTIFICATION:
New York State imposes the highest personal income tax burden in the
Nation upon its residents. Albany's lack of fiscal discipline, over
regulation and poor policy choices have made the American Dream unaf-
fordable and unattainable. Just the increase in State annual spending
since 2019, has eclipsed the total amount the State collects in personal
income taxes. The result is predictable. New York continues to hemor-
rhage talent, economic activity and productivity as its citizens flee to
other states with lower tax burdens and more opportunities for their
families.
As recently as January 29, 2026, City Journal reported that census data
shows that the outflow of New Yorkers to other states has topped the 1
million mark since 2020. Over that same time, states like Texas and
Florida have no state personal income tax, have grown in population by
2.6 million and 1.9 million respectively. New Yorkers are rejecting big
taxes, big spending and big bureaucracy with their feet, and New York is
worse for it.
One-time gimmicks like "Inflation Rebate Checks" of $200-$400 touted by
the Governor are nothing more than a band-aid on the gaping wound
poisoning New York's future. This legislation offers a path to a more
prosperous tomorrow for New York and, more importantly, for New Yorkers.
The largest personal income tax cut in the history of New York State
when fully implemented, will exempt the first $50,000 of income for
single filers; the first $75,000 of income for single head of household
filers and the first $100,000 of income for families from New York State
personal income tax. This equates to a tax cut for ALL New Yorkers,
saving the average New York family almost $5,000 per year....every year.
That delivers real affordability and real opportunity for New York fami-
lies to get ahead and incentive to continue to call New York their home.
 
LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS:
Tax cut of roughly $35 billion when fully implemented
 
EFFECTIVE DATE:
This act shall take effect immediately.

Statutes affected:
S9110: 601 tax law, 601(a) tax law, 601(b) tax law, 601(c) tax law, 601(d) tax law, 601(d-4) tax law