# New York S 8373: Relates to the computation and allocation of the commissions of trustees of charitable trusts; repealer

New York S 8373, Relates to the computation and allocation of the commissions of trustees of charitable trusts; repealer, is a 2025-2026 Regular Session Senate bill sponsored by Brad Hoylman-Sigal (Democratic); status signed, last action 2025-11-21 (SIGNED CHAP.570) (as of 2026-10-15).

- Canonical: https://policyrisk.com/state-bill/NY-S8373-2025
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New York S 8373
- State: New York
- Session: 2025-2026 Regular Session
- Title: Relates to the computation and allocation of the commissions of trustees of charitable trusts; repealer
- Status: signed
- Chamber: Senate
- Introduced: 2025-06-05
- Last action: 2025-11-21, SIGNED CHAP.570
- Sponsor: Brad Hoylman-Sigal (Democratic)
- Cosponsors: 0
- Subjects: RULES, JUDICIARY
- Touches household money: no
- Roll calls: 3 (215 yes, 9 no in all)
- Economic provisions PRIA read: 4

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Lower trustee fees for charitable trusts: benefit, low. These rules cover trusts used solely for public, religious, charitable, scientific, literary, educational, or fraternal purposes. Under SCPA sections 2308 and 2309, annual fees are capped at 80% of the listed rates. For principal above $20 million, only the excess portion gets a 50% cap on the list…
- Saved trust income can carry fees: cost, low. A will can allow or require a trustee to save income for a lawful purpose. If that income is not added to principal, it counts as a separate trust for fee calculations. The trustee can charge fees as though the saved income were principal, using SCPA section 2308's applicable rules.
- Existing trusts get temporary fee rule choice: mixed, low. The law takes effect 60 days after becoming law and covers all trusts existing on or after that date. Trustees of trusts already existing on the effective date can choose to keep using the old fee rules. That choice lasts through December 31 of the year the law takes effect.
- Trust fees shift between income and assets: mixed, low. Unless the will or lifetime trust document says otherwise, trustee fees come one-third from income and two-thirds from principal. This allocation applies under SCPA sections 2308 and 2309. For trusts with income defined by EPTL section 11-2.4, fees come from principal after annuity or unitrust amou…

## Sponsors and cosponsors

- Sponsor: Brad Hoylman-Sigal (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-06-16 | House | Assembly floor vote | pass | 144 | 0 |   |
| 2025-06-11 | Senate | FLOOR Vote | pass | 52 | 7 |   |
| 2025-06-09 | committee | Rules Committee Vote | pass | 19 | 2 |   |

## Actions (11)

- 2025-11-21: SIGNED CHAP.570 (Senate)
- 2025-11-17: DELIVERED TO GOVERNOR (Senate)
- 2025-06-16: RETURNED TO SENATE (House)
- 2025-06-16: PASSED ASSEMBLY (House)
- 2025-06-16: ORDERED TO THIRD READING RULES CAL.824 (House)
- 2025-06-16: SUBSTITUTED FOR A8300 (House)
- 2025-06-11: REFERRED TO JUDICIARY (House)
- 2025-06-11: DELIVERED TO ASSEMBLY (Senate)
- 2025-06-11: PASSED SENATE (Senate)
- 2025-06-09: ORDERED TO THIRD READING CAL.1672 (Senate)
- 2025-06-05: REFERRED TO RULES (Senate)

## Bill text

- Original, 2025-06-05: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/S8373)

## Related bills

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- S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer (signed)
- A 5175: Requires certain security features and warning labels on baby monitors (signed)
- A 10052: Extends the effectiveness of the authority of the town of Red Hook to impose real estate transfer taxes and to deposit revenue from such taxes into a community… (signed)
- S 9968: Establishes the Harris Hill Volunteer Fire Company Benevolent Association (signed)
- S 8953: Establishes the Clarence Center Volunteer Exempt Firefighter's Benevolent Association (signed)

## Sources
- [Original (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/S8373)

## Related
- [S 9051: Prohibits artificial intelligence companions from using features which are cons…](https://policyrisk.com/state-bill/NY-S9051-2025)
- [S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer](https://policyrisk.com/state-bill/NY-S10643-2025)
- [A 5175: Requires certain security features and warning labels on baby monitors](https://policyrisk.com/state-bill/NY-A5175-2025)
- [A 10052: Extends the effectiveness of the authority of the town of Red Hook to impose re…](https://policyrisk.com/state-bill/NY-A10052-2025)
- [S 9968: Establishes the Harris Hill Volunteer Fire Company Benevolent Association](https://policyrisk.com/state-bill/NY-S9968-2025)
- [S 8953: Establishes the Clarence Center Volunteer Exempt Firefighter's Benevolent Assoc…](https://policyrisk.com/state-bill/NY-S8953-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NY-S8373-2025 (as of 2026-10-15).