S 7643 NY

Relates to the pass-through entity tax credit and the city pass-through entity tax credit

NY · session 2025-2026 · Senate · bill

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Introduced Apr 24, 2025

Latest action (Jan 7, 2026) REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Summary

Provides that the aggregate amount of pass-through entity credits claimed by all partners, members or shareholders of an electing partnership or electing S corporation shall not exceed eighty-seven percent of the tax due.

Sponsor (1)

Andrew Gounardes Democratic · primary

Action history (2)

Apr 24, 2025 REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS · upper
Jan 7, 2026 REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS · upper

Text versions (2)

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.

S7643 · HTML
S7643 · PDF

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