S 7877 NY

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

NY · session 2025-2026 · Senate · bill

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Introduced May 13, 2025

Latest action (Feb 10, 2026) PRINT NUMBER 7877A

Summary

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

Sponsor (1)

Andrew Gounardes Democratic · primary

Action history (4)

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

Text versions (3)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

S7877 · HTML
S7877 · PDF
S7877A · PDF

Full text

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