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S 10532 New York Senate · 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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill creates a property tax offset via income tax surcharge, providing relief to property owners and promoting fiscal equity.85% confidence
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

S10532 → S10532A · 3 edits
MINOR
The bill was amended to update the Ulster County property tax offset thresholds and surcharge rate to reflect higher income levels. The income threshold for individuals filing separately increased from $200,000 to $250,000, and for joint filers from $400,000 to $500,000. Additionally, the surcharge rate was raised from 16.75% to 18.75% of the excess state tax.
Scope change
The bill's scope remains focused on Ulster County, but the financial parameters for who pays and how much they pay have been adjusted.
ELIGIBILITY

The income threshold for the surcharge was increased for individuals filing separately (from $200,000 to $250,000) and for joint filers (from $400,000 to $500,000), meaning fewer taxpayers will be subject to the tax.

FISCAL

The surcharge rate was increased from 16.75% to 18.75% of the excess state tax, which increases the revenue generated per dollar of tax liability for those who remain subject to the surcharge.

DEFINITION

The definition of 'Net state tax' was refined to exclude refundable credits for estates and trusts and to ensure the amount cannot be less than zero.

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
Upper · Passed
PRINT NUMBER 10532A
upper
Jul 8, 2026
Upper · Passed
AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
upper
May 19, 2026
Committee
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Michelle Hinchey
Michelle Hinchey
DDemocratic/Working Families
NY
41