STATE OF NEW YORK
        ________________________________________________________________________

                                          3914

                               2025-2026 Regular Sessions

                    IN SENATE

                                    January 30, 2025
                                       ___________

        Introduced  by  Sen. MARTINS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        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