WeVote
Log In

Bill

Bill

A 2282

Relates to conducting studies on personal income tax brackets and the corporate franchise tax

2025 Regular Session Introduced by Robert Smullen

Authorizes formal studies of New York personal income tax brackets and the corporate franchise tax to inform potential reforms, not enact changes now.

REFERRED TO WAYS AND MEANS
0
WeVote Research Nonpartisan
Bill Summary · A 2282

Bill A 2282 — Relates to conducting studies on personal income tax brackets and the corporate franchise tax

Overview

A 2282 is a bill introduced in the New York Legislature on January 16, 2025. The primary sponsor is Robert Smullen. The bill is currently referred to the Ways and Means committee. The related-actions list shows two identical referrals on the same date, which is typically a clerical duplication in the legislative record. The title indicates the bill would authorize or require studies focused on personal income tax brackets and the corporate franchise tax.

Purpose and intent

  • The core purpose, as stated in the title, is to conduct studies examining:
    • Personal income tax brackets
    • The corporate franchise tax
  • The bill appears designed to evaluate current structures, impacts, and potential reform options, with the results intended to inform policy decisions. Specific study scope, methodology, agencies or bodies responsible, and reporting requirements are not included in the information provided.

Key provisions (as available)

  • Mandate for studies related to:
    • Personal income tax brackets
    • Corporate franchise tax
  • Implementation details (such as who conducts the studies, study timelines, reporting deadlines, and how findings would be used) are not present in the summary provided. The exact text would specify these elements, including any budgetary authorizations or reporting requirements.

Affected parties

  • Taxpayers subject to personal income tax brackets
  • Corporations and businesses subject to the corporate franchise tax
  • State or local tax policy agencies tasked with evaluating tax structures (pending the bill’s implementing provisions)

Procedural and timeline aspects

  • Introduced: January 16, 2025
  • Status: REFERRED TO WAYS AND MEANS
  • Legislative actions show the bill was referred to Ways and Means on January 16, 2025 (listed twice, likely a clerical artifact)
  • As a Ways and Means referral, the bill would be examined for fiscal impact and policy merit before any further floor action

Sponsors and related bills

  • Primary sponsor: Robert Smullen
  • Related bills (from prior sessions): A 7614, A 6013, A 5850, A 7142, A 4791
    • These prior-session bills suggest ongoing interest in tax structure studies and potential reform, though their exact provisions are not detailed here.

Potential impact and context

  • If enacted, the bill would pave the way for formal analysis of how current personal income tax brackets and the corporate franchise tax affect taxpayers and the business environment.
  • Findings could inform future legislative reforms, budget planning, and revenue forecasting.
  • The bill itself does not enact tax changes but aims to provide a factual basis for policy decisions.

Next steps to watch

  • Monitor committee hearings and amendments in Ways and Means for the exact study scope, responsible entities, budgetary implications, and reporting deadlines.
  • Review the full bill text and any fiscal notes once released for precise provisions and timelines.

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

Sign in to ask a question.