NO TAX ON TIPS AND OVERTIME

Today I joined my Senate Republican colleagues to unveil legislation aimed at providing relief for hardworking New Yorkers who are struggling amidst the state’s affordability crisis and called for S.587 & S.3914  to be included in this year’s Enacted Budget.

New Yorkers are being crushed by the affordability crisis, and it’s time for real relief. The bills are designed to ensure New Yorkers are able to keep more of their hard-earned income in their own pockets by eliminating state income taxes on overtime pay and cash tips:

 >S.587 Eliminating state income taxes on cash tips which are considered wages or compensation; and

> S.3914 Eliminating state income taxes on overtime pay.

These bills are a key aspect of the Senate Republicans’ Liberate New York agenda, of which a primary focus is helping make New York more affordable for all. These bills would also complement efforts underway at the Federal level to eliminate taxes on tips and overtime to provide even more financial relief to New Yorkers struggling to get by.