A7636 (2025-26 session)
NY State bill
Reinstates a bank tax based on the highest of four bases: a tax on allocated entire net income, a tax on allocated alternative entire net income, a tax on allocated taxable assets, or a fixed dollar minimum tax; prohibits banks from segregating their income and capital into business and investment varieties.
- Title
- Relates to franchise tax on banking corporations
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Ways And Means
- Introduced
- 2025-04-04
- Same as
- S5431
- Law section
- Tax Law
Sponsors
- Ron Kim Assembly Member, District 40
Heard in committee
- Ways and Means NY State Assembly committee
Same as
- S5431 (2025-26 session) NY State bill