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A 11460 New York Assembly · 2025 Regular Session

Authorizes Ulster county to establish a property tax offset by means of a resident income tax surcharge

Summary
Authorizes Ulster county to establish a property tax offset by means of a resident income tax surcharge; requires the Ulster county legislature to adopt a local law prior to imposing such surcharge.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 19, 2026 Last action Jul 8, 2026
Maddy AI version diff · 1 comparison

What changed between versions

A11460 → A11460A · 4 edits
MODERATE
The bill was amended to update the Ulster County property tax offset to reflect higher income thresholds and a higher surcharge rate. This change ensures the tax applies only to higher-income residents and collects a larger percentage of their excess state taxes, increasing potential revenue for the county while broadening the income range subject to the surcharge.
Scope change
The bill's scope was expanded by raising the income thresholds for eligibility and increasing the surcharge rate, affecting more taxpayers and generating more revenue.
ELIGIBILITY

The income threshold for individuals not filing a joint return increased from $200,000 to $250,000, and for joint filers from $400,000 to $500,000.

FISCAL

The surcharge rate was increased from 16.75% to 18.75% of the excess state tax.

DEFINITION

Definitions for 'Net state tax' and 'Benchmark state tax' were updated to exclude refundable credits from the benchmark calculation and ensure net state tax is not less than zero.

TECHNICAL

The bill number was updated from A 11460 to A 11460--A, indicating it has been amended and recommitted to the committee.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
2
Committee
1
Amendments
2
Jul 8, 2026
Lower · Passed
PRINT NUMBER 11460A
lower
Jul 8, 2026
Lower · Passed
AMEND AND RECOMMIT TO WAYS AND MEANS
lower
May 19, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.