Senate Bill S3914

2025-2026 Legislative Session

Subtracts from federal adjusted gross income any overtime compensation earned by an individual

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-S3914 (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L

2025-S3914 (ACTIVE) - Summary

Subtracts from federal adjusted gross income any overtime compensation earned by an individual; defines overtime compensation.

2025-S3914 (ACTIVE) - Sponsor Memo

2025-S3914 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3914
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2025
                                ___________
 
 Introduced  by  Sen. MARTINS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation  to  subtracting  from  federal
   adjusted  gross income any overtime compensation earned by an individ-
   ual

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subsection (c) of section 612 of the tax law is amended by
 adding a new paragraph 48 to read as follows:
   (48) ANY OVERTIME COMPENSATION  RECEIVED  BY  AN  INDIVIDUAL,  TO  THE
 EXTENT  INCLUDIBLE  IN GROSS INCOME FOR FEDERAL INCOME TAX PURPOSES. FOR
 PURPOSES OF THIS PARAGRAPH, "OVERTIME  COMPENSATION"  SHALL  MEAN  WAGES
 EARNED  FOR  TIME  AN  INDIVIDUAL WORKED BEYOND SUCH INDIVIDUAL'S NORMAL
 SCHEDULED WORKING HOURS.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2026.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07557-01-5

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