S 8720 New York Senate · 2025 Regular Session

Relates to making certain higher personal income tax rates permanent; repealer

This bill makes certain higher personal income tax rates permanent for New York taxpayers, replacing temporary rates that were set to expire. It directly affects residents in multiple income brackets, including those earning over $17,150 (single filers), $12,800 (married filing jointly), and $8,500 (head of household). The key mechanism updates tax brackets to permanently apply specific rates - such as 5.30% on income between $27,900-$161,550 for single filers - while repealing previous sunset provisions. The policy change ensures these rates remain in effect indefinitely, rather than expiring after 2033.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 7, 2026 Last action Jan 7, 2026
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Jan 7, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 0 co-sponsors

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P
Photo of Andrew Gounardes
Andrew Gounardes
DDemocratic
NY
26