New York · 2025 Regular Session · Bill

S 3614: Exempts minority depository institutions from the corporate franchise tax for a period of ten years

In committee Last action January 7, 2026: REFERRED TO BUDGET AND REVENUE

Plain-language summary

S 3614 is a bill introduced in the New York Senate on January 29, 2025. According to its official title, it concerns: Exempts minority depository institutions from the corporate franchise tax for a period of ten years. Primary sponsor: George Borrello (Republican/Conservative). Most recent recorded action (January 7, 2026): REFERRED TO BUDGET AND REVENUE.

Sponsors

Primary sponsor: George Borrello (Republican/Conservative).