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Bill

Bill

A 5318

Extends the expiration date of the personal income tax surcharge imposed in the city of Yonkers

2025 Regular Session Introduced by Gary Pretlow

Bill A 5318 extends Yonkers' personal income tax surcharge, ensuring ongoing funding for essential city services like public safety and education for residents.

SIGNED CHAP.159
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Bill Summary · A 5318

Summary of Bill A 5318

Bill Information

  • Bill Number: A 5318
  • Title: Extends the expiration date of the personal income tax surcharge imposed in the city of Yonkers
  • Status: Signed into law (Chapter 159)
  • Introduced: February 13, 2025

Purpose and Intent

Bill A 5318 aims to extend the expiration date of the personal income tax surcharge that is currently imposed on residents of Yonkers, New York. The intent of this legislation is to maintain the city's revenue stream, which is crucial for funding local services and infrastructure.

Key Provisions

  • Extension of Surcharge: The bill specifically extends the duration of the existing personal income tax surcharge for Yonkers residents. The new expiration date will be established as part of the legislative process.
  • Revenue Utilization: The revenue generated from this surcharge is intended to support essential city services, including public safety, education, and infrastructure improvements.

Affected Parties

  • Residents of Yonkers: The primary group affected by this bill is the residents of Yonkers, who will continue to pay the personal income tax surcharge.
  • City Government: The Yonkers city government will benefit from the sustained revenue, which is vital for maintaining and improving city services.

Legislative Timeline

  • February 13, 2025: Bill introduced and referred to the Ways and Means Committee.
  • April 1, 2025: The bill was reported and ordered to third reading.
  • April 2, 2025: Passed in the Assembly and delivered to the Senate.
  • May 27, 2025: Passed in the Senate, substituted for companion bill S 436, and returned to the Assembly.
  • June 26, 2025: Delivered to the Governor and signed into law as Chapter 159.

Related Legislation

  • A 7239: A prior-session bill related to the same subject matter.
  • S 436: A companion bill that was substituted for A 5318 during the legislative process.

Conclusion

Bill A 5318 is a significant piece of legislation for the city of Yonkers, as it ensures the continuation of a personal income tax surcharge that supports vital city services. By extending the expiration date of this surcharge, the bill aims to provide financial stability for the city's budget and enhance the quality of life for its residents.

Compiled from official sources — confirm details with the bill’s official record.

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