S7643 (2025-26 session)
NY State bill
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.
- Title
- Relates to the pass-through entity tax credit and the city pass-through entity tax credit
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Investigations And Government Operations
- Introduced
- 2025-04-24
- Same as
- A10777
- Law section
- Tax Law
Sponsors
- Andrew Gounardes State Senator, District 26
Heard in committee
- Investigations And Government Operations NY State Senate committee