New York bill A00970 imposes an annual tax on companies with a CEO pay ratio of 100 to 250 times the median employee pay.

New York bill A00970 amends the tax law to impose an annual tax on companies subject to United States Securities and Exchange Commission pay ratio reporting requirements. The tax rate is 10% of the base tax liability for companies with a CEO pay ratio of at least 100 to 1 but less than 250 to 1, and 25% for companies with a ratio of 250 to 1 or greater. The tax applies to tax years commencing on or after January 1, 2026.

New York bill A00970 imposes an annual tax on companies with a CEO pay ratio of 100 to 250 times the median employee pay.

New York bill A00970 amends the tax law to impose an annual tax on companies subject to United States Securities and Exchange Commission pay ratio reporting requirements. The tax rate is 10% of the base tax liability for companies with a CEO pay ratio of at least 100 to 1 but less than 250 to 1, and 25% for companies with a ratio of 250 to 1 or greater. The tax applies to tax years commencing on or after January 1, 2026.