New YorkNew York would repeal tax rules tied to business expensing
New York would repeal several tax provisions tied to business expensing, and the repeals would take effect immediately if the bill becomes law.
What it does
The bill would repeal several New York tax provisions tied to business expensing. The text does not explain how the repeals would change tax calculations.
Argument forRepealing provisions tied to business expensing could bring New York tax rules closer to federal rules.
Argument againstRepealing these provisions could make New York tax rules for business expenses less aligned with federal rules.
More detail
The bill would repeal several New York tax law provisions. The listed provisions are in sections 208, 612, and 1503 of New York's tax law and relate to business expensing. The repeals would take effect immediately if the bill becomes law.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 16REFERRED TO WAYS AND MEANSIntroduced
Taxes & Budget