New York 2025 Session Status: Introduced

S7877 — Relates to application of net operating losses in the calculation of corporate franchise taxes

Last action — In Senate Committee

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced May 13, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Restricts the carrying forward of net operating losses to five years.

Bill Text

Action History

  1. PRINT NUMBER 7877A

  2. AMEND AND RECOMMIT TO BUDGET AND REVENUE

  3. REFERRED TO BUDGET AND REVENUE

  4. REFERRED TO BUDGET AND REVENUE

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S7877 do?
Restricts the carrying forward of net operating losses to five years.
Who sponsors S7877?
S7877 is sponsored by Andrew Gounardes.
What is the current status of S7877?
This bill has been introduced in the Senate. Introduced May 13, 2025. It must pass committee before a floor vote.
Where can I track S7877?
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Last checked for changes 4 months ago · updated continuously

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