New York A00517 amends the tax law to allow a deduction for dues paid by small businesses to local chambers of commerce.

New York A00517 amends the state's tax law to provide a deduction against adjusted gross income for dues paid by small businesses to local chambers of commerce. This deduction applies to businesses with fifty employees or fewer. The deduction does not include any portion of the dues used for lobbying purposes. The chambers of commerce must be incorporated under section fourteen hundred ten of the not-for-profit corporation law. The amendment takes effect immediately and applies to taxable years beginning on or after January 1, 2027.

New York A00517 amends the tax law to allow a deduction for dues paid by small businesses to local chambers of commerce.

New York A00517 amends the state's tax law to provide a deduction against adjusted gross income for dues paid by small businesses to local chambers of commerce. This deduction applies to businesses with fifty employees or fewer. The deduction does not include any portion of the dues used for lobbying purposes. The chambers of commerce must be incorporated under section fourteen hundred ten of the not-for-profit corporation law. The amendment takes effect immediately and applies to taxable years beginning on or after January 1, 2027.