Relates to a tax deduction for small business employers for certain wages and compensation paid to employees earning minimum wage

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 2 Sponsors

Provides a tax deduction for small business employers of 25% of the wages, salary or compensation paid to up to ten employees who earn up to 110% of the minimum wage.

Chamber: Senate
Introduced: Jan 23, 2025
Last action: Jan 7, 2026 — REFERRED TO BUDGET AND REVENUE
Session: 2025-2026
Momentum: 29 · Low

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base In Committee — base rate 5%, measured from NY's completed sessions
Momentum -5 29/100 from the pace of recorded action
Time since last action -22 289 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.