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Assembly bill · A1971 (2025-26)

Increases the tax rate on corporate income

New York State Assembly

Same as S953, the matching bill in the Senate.

Latest action Jan 15, 2026

Sponsor: Anna Kelles (Assembly Member, District 125, Democratic/Working Families)

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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 16, 2026. About our data

Summary

Increases the tax rate on corporate income.

Summary from NY Open Legislation. How we handle summaries

Amends the Tax Law.

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Ways and Means · New York State Assembly

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Cosponsors

Full history

  1. Jan 15, 2026

    Amend (t) and Recommit to Ways and Means

    AMEND (T) AND RECOMMIT TO WAYS AND MEANS

    NY Assembly

  2. Jan 7, 2026

    Referred to committee

    REFERRED TO WAYS AND MEANS

    NY Assembly

  3. Jan 14, 2025

    Referred to committee

    REFERRED TO WAYS AND MEANS

    NY Assembly

Read the record