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A8965 • 2025

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

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

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Joe DeStefano
Last action
2026-06-04
Official status
In Assembly Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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

Subtracts from federal adjusted gross income any overtime compensation earned by an individual Reduces federal adjusted gross income by the amount of overtime compensation earned by an individual in certain circumstances; defines overtime compensation.

What This Bill Does

  • Subtracts from federal adjusted gross income any overtime compensation earned by an individual Reduces federal adjusted gross income by the amount of overtime compensation earned by an individual in certain circumstances; defines overtime compensation.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-04 Assembly

    HELD FOR CONSIDERATION IN WAYS AND MEANS

  2. 2026-03-25 Assembly

    AMEND AND RECOMMIT TO WAYS AND MEANS

  3. 2026-03-25 Assembly

    PRINT NUMBER 8965A

  4. 2026-01-07 Assembly

    REFERRED TO WAYS AND MEANS

  5. 2025-08-13 Assembly

    REFERRED TO WAYS AND MEANS

Official Summary Text

Subtracts from federal adjusted gross income any overtime compensation earned by an individual
Reduces federal adjusted gross income by the amount of overtime compensation earned by an individual in certain circumstances; defines overtime compensation.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          8965

                               2025-2026 Regular Sessions

                                  I N  A S S E M B L Y

                                     August 13, 2025
                                       ___________

        Introduced  by  M.  of  A.  DeSTEFANO  --  read once and referred to the
          Committee on Ways and Means

        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:

     1    Section  1. Subsection (c) of section 612 of the tax law is amended by
     2  adding a new paragraph 48 to read as follows:
     3    (48) ANY OVERTIME COMPENSATION  RECEIVED  BY  AN  INDIVIDUAL,  TO  THE
     4  EXTENT  INCLUDIBLE  IN GROSS INCOME FOR FEDERAL INCOME TAX PURPOSES. FOR
     5  PURPOSES OF THIS PARAGRAPH, "OVERTIME  COMPENSATION"  SHALL  MEAN  WAGES
     6  EARNED  FOR  TIME  AN  INDIVIDUAL WORKED BEYOND SUCH INDIVIDUAL'S NORMAL
     7  SCHEDULED WORKING HOURS.
     8    § 2. This act shall take effect immediately and shall apply to taxable
     9  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