S 10204 NY
Includes#consumption-based solutions to the definition of fixed assets
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Summary
This bill amends New York's state finance law to expand the definition of "fixed assets" to include consumption-based technology solutions. Consumption-based solutions are defined as technology services that combine software, hardware, data, and labor, and are billed to the state based on actual usage at fixed price units. The change allows the state to classify technology subscriptions, software-as-a-service arrangements, and similar pay-per-use technology services as fixed assets for financial and accounting purposes. The bill takes effect immediately.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Official abstract
Includes consumption-based solutions, which may utilize any combination of software, hardware or equipment, data, and labor or services that provides a capability that is metered and billed based on actual usage at fixed price units, to the definition of fixed assets.
Sponsor (1)
- Jeremy Cooney Democratic · primary
Action history (1)
- May 5, 2026 REFERRED TO FINANCE · upper
Text versions (2)
Full text
Full text imported from assembly.state.ny.us
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Bill No.: Summary Actions Committee Votes Floor Votes Memo Text LFIN Chamber Video/Transcript S10204 Summary: BILL NO S10204   SAME AS SAME AS A10854
  SPONSOR COONEY   COSPNSR   MLTSPNSR   Amd §2, St Fin L   Includes consumption-based solutions, which may utilize any combination of software, hardware or equipment, data, and labor or services that provides a capability that is metered and billed based on actual usage at fixed price units, to the definition of fixed assets.
Go to top S10204 Text:
STATE OF NEW YORK ________________________________________________________________________
10204
IN SENATE
May 5, 2026 ___________
Introduced by Sen. COONEY -- read twice and ordered printed, and when printed to be committed to the Committee on Finance
AN ACT to amend the state finance law, in relation to including consump- tion-based solutions to the definition of fixed assets
The People of the State of New York, represented in Senate and Assem- bly, do enact as follows:
1 Section 1. Subdivision 6-a of section 2 of the state finance law, as 2 amended by section 50 of part XX of chapter 56 of the laws of 2024, is 3 amended and a new subdivision 6-c is added to read as follows: 4 6-a. "Fixed assets". (i) Assets of a long-term, tangible character 5 which are intended to continue to be held or used, such as land, build- 6 ings, improvements, machinery, and equipment[ , and ] ; (ii) assets that 7 provide a long-term interest in land, including conservation easements ; 8 and (iii) consumption-based solutions, technology subscriptions, models, 9 reservations, tenancy, and other methods of acquiring information tech- 10 nology . 11 6-c. "Consumption-based solution". A model under which a technology- 12 supported capability is provided to the state of New York and may 13 utilize any combination of software, hardware or equipment, data, and 14 labor or services that provides a capability that is metered and billed 15 based on actual usage at fixed price units. 16 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14729-01-6
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