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Bill

A 8709

Provides a personal income tax exemption for certain professional athletes residing in New York state

2025 Regular Session Introduced by Josh Jensen

Creates a personal income tax exemption for certain professional athletes residing in New York, reduces state revenue and could influence where top earners live.

REFERRED TO WAYS AND MEANS
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WeVote Research Nonpartisan
Bill Summary · A 8709

Summary: New York Assembly Bill A 8709

Overview

  • Bill Number: A 8709
  • Title: Provides a personal income tax exemption for certain professional athletes residing in New York state
  • Sponsor: Josh Jensen (primary)
  • Status: Referred to Ways and Means (introduced June 2, 2025)
  • Introduced: June 2, 2025

Purpose and Intent

  • The bill aims to create a personal income tax exemption for a subset of professional athletes who reside in New York State. The stated goal, inferred from the title, is to provide tax relief to eligible athletes residing in the state, potentially as a means to attract or retain athletic talent and support professional athletes who choose to live in New York.

Key Provisions (What the bill would do)

  • Tax Exemption Creation: Establishes a personal income tax exemption for “certain professional athletes residing in New York state.”
  • Details TBD in Text: The specific eligibility criteria, exemption amount, duration, and qualifying income types are defined in the bill’s statutory language. The summary here does not specify these details, which would be outlined in the text of the bill.
  • Impact on Tax Base: The exemption would reduce the amount of New York personal income subject to taxation for eligible individuals, thereby reducing state revenue correspondingly, unless offset by other provisions or revenues.

Who Would Be Affected

  • Primary Affected Group: Professional athletes who reside in New York State and meet the bill’s eligibility criteria. Other residents and taxpayers would remain subject to existing tax rules.
  • Administrative Impact: Likely requires amendments to the state tax code and administrative processes to administer, verify residency status, and determine eligibility and exemption amounts.

Procedural and Timeline Considerations

  • Current Status: Referred to Ways and Means, indicating the bill is at the committee stage within the Assembly’s revenue/finance process. No further actions (e.g., hearings, votes) are listed in the provided information.
  • Timeline: As a Ways and Means referral, the bill would typically undergo fiscal analysis, potential amendments, and committee consideration before possible floor action. If advanced, it would proceed to the full Assembly for a vote and then to the Senate (and potentially to the governor for signature), subject to separate legislative timelines.
  • Next Steps to Watch: Look for amendments, a fiscal note from Ways and Means, committee hearings, and floor votes in both legislative chambers.

Potential Impacts and Considerations

  • Revenue Implications: Tax exemption reduces state tax collections unless offset by other measures.
  • Policy Considerations: Considerations include residency rules for athletes, nexus with other tax provisions, and potential constitutional or fairness considerations regarding targeted tax exemptions.
  • Economic Effects: If enacted, could influence residency decisions for high-earning athletes and related economic activity within New York.

For readers tracking this bill, monitor subsequent committee actions, any released fiscal impact analyses, and eventual floor votes to assess further significance and potential passage.

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

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