New York bills · 2025 Regular Session

New York S 7877

Relates to application of net operating losses in the calculation of corporate franchise taxes

Introduced
In committee
Passed Senate
Passed House
To Governor
Became law

Sponsors

Andrew Gounardes (Democratic)

Summary

Official abstract published by the New York legislature

Restricts the carrying forward of net operating losses to five years.

Text versions

Roll-call votes

No recorded votes on this bill.

Actions

Feb 10, 2026 · Senate
PRINT NUMBER 7877A
Feb 10, 2026 · Senate
AMEND AND RECOMMIT TO BUDGET AND REVENUE
Jan 7, 2026 · Senate
REFERRED TO BUDGET AND REVENUE
May 13, 2025 · Senate
REFERRED TO BUDGET AND REVENUE