New York legislation · 2025-2026 General Assembly
New York S10661: Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing; repealer
Status: In committee, July 15, 2026
Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing.
What the bill says
An act to repeal certain provisions of the tax law, in relation to restoring conformity with certain provisions of the Internal Revenue Code relating to business expensing.
From the introduced text, July 15, 2026:
AN ACT to repeal certain provisions of the tax law, in relation to restoring conformity with certain provisions of the Internal Revenue Code relating to business expensing THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Subparagraphs 24, and 26 of paragraph (a) of subdivision 9 of section 208 of the tax law are REPEALED. § 2. Subparagraphs 28 and 29 of paragraph (b) of subdivision 9 of section 208 of the tax law are REPEALED. § 3. Paragraphs 44 and 45 of subsection (b) of section 612 of the tax law are REPEALED. § 4. Paragraphs 48, and 50 of subsection (c) of section 612 of the tax law, paragraph 48 as added by section 4 of part F of chapter 59 of the laws of 2026, are REPEALED. § 5. Subparagraphs (X), (Y) and (Z) of paragraph 1 of subdivision (b) of section 1503 of the tax law are REPEALED. § 6. Subparagraphs (AA) and (BB) of paragraph 2 of subdivision (b) of section 1503 of the tax law are REPEALED. § 7. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16149-01-6
Sponsors
- Jeremy Cooney (D, 56) · primary sponsor
Latest actions
- : REFERRED TO RULES
Subjects: Tax Law
Common questions
- What is S10661?
- S10661 is a bill in the New York Legislature (2025-2026 General Assembly): Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing; repealer.
- What does S10661 do?
- In its own words: An act to repeal certain provisions of the tax law, in relation to restoring conformity with certain provisions of the Internal Revenue Code relating to business expensing.
- What is the status of S10661?
- In committee as of July 15, 2026. Latest action: REFERRED TO RULES (July 15, 2026).
- Who sponsored S10661?
- Jeremy Cooney (D, 56).
- Where is the official record for S10661?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S10661
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.