New York Assembly Bill A08989

New York 2025-2026 Regular Session

• Introduced: 8/13/25
• Refer: 8/13/25

Caption

Relates to the definition of outside earned income by members of the legislature; provides that the amount of income shall be determined by taxable income.

Impact

The proposed change fulfills a significant need for clarity in the financial disclosures of legislators, as it aims to ensure consistent reporting practices. By aligning the definition of outside earned income with taxable income, it seeks to create a standardized framework that legislators must follow. This may have implications for how legislators report their earnings and could possibly affect public trust regarding financial accountability among elected officials.

Summary

Bill A08989 seeks to amend the legislative law concerning the definition of 'outside earned income' for members of the legislature. This amendment clarifies that such income will be determined by the taxable income of the individuals concerned. The goal is to promote a clearer and more transparent understanding of what constitutes outside earned income, which includes wages, salaries, fees, and any other compensation for services rendered by legislators outside their official duties.

Contention

While the bill might receive general support for its intent to enhance transparency, it may also face scrutiny regarding how strictly it will be enforced and whether it effectively prevents conflicts of interest. Some may argue that the bill doesn't go far enough to regulate the outside activities of legislators and could lead to further discussions surrounding the ethical implications of outside income. Stakeholders might consider whether this will adequately address concerns about the impact of outside financial interests on legislative decisions.