NY S04008 | 2025-2026 | General Assembly
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on January 31 2025 - 25% progression
Action: 2026-01-07 - REFERRED TO BUDGET AND REVENUE
Pending: Senate Budget and Revenue Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 31 2025 - 25% progression
Action: 2026-01-07 - REFERRED TO BUDGET AND REVENUE
Pending: Senate Budget and Revenue Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing corporations and partnerships in return for private assistance; enacts the "Small New York Based High-Technology Business Investment Tax Credit Act".
Title
Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing corporations and partnerships in return for private assistance; enacts the "Small New York Based High-Technology Business Investment Tax Credit Act".
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-01-07 | Senate | REFERRED TO BUDGET AND REVENUE |
| 2025-01-31 | Senate | REFERRED TO BUDGET AND REVENUE |
