New York · 2025 Regular Session · Bill

S 4008: Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing entities

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

Plain-language summary

S 4008 is a bill introduced in the New York Senate on January 31, 2025. According to its official title, it concerns: Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing entities. Primary sponsor: Kevin Parker (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO BUDGET AND REVENUE.

Sponsors

Primary sponsor: Kevin Parker (Democratic/Working Families).