S4008 (2025-26 session)
NY State bill
Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing corporations and partnerships in return for private assistance; enacts the "Small New York Based High-Technology Business Investment Tax Credit Act".
- Title
- Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing entities
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Budget And Revenue
- Introduced
- 2025-01-31
- Law section
- Tax Law
Sponsors
- Kevin S. Parker State Senator, District 21
Heard in committee
- Budget And Revenue NY State Senate committee