New York Assembly Bill 8179

Summary
On October 27, Assembly Bill 8179 was introduced and referred to the Ways and Means Committee. The bill, if passed, will impose a tax on certain businesses in instances where a company’s adoption of automation, AI or other technology causes any workers to be laid off or displaced. The tax would equal the sum of any taxes or fees imposed by the state or a political subdivision thereof, as determined based on an employee’s wages. If the bill is enacted, it would take effect immediately and apply to taxable years starting in 2024.