New York 2025 Session Status: Introduced

S10661 — Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing; repealer

Last action — In Senate Committee

  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 July 15, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

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.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

Restores alignment of state tax code with federal business expensing rules.

This legislation adjusts the state tax code to align with specific federal provisions regarding business expensing. It aims to simplify tax compliance for businesses by ensuring consistency with federal regulations.

What this means for you
  • Small Business: This means easier tax compliance for your business expenses as state rules will match federal regulations.

Summary

Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing.

Bill Text

Action History

  1. REFERRED TO RULES

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.

Show all 218 →

"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 finance
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 S10661 do?
Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing.
Who sponsors S10661?
S10661 is sponsored by Jeremy Cooney.
What is the current status of S10661?
This bill has been introduced in the Senate. Introduced July 15, 2026. It must pass committee before a floor vote.
Where can I track S10661?
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Last checked for changes 3 months ago · updated continuously

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