New York · 2025 Regular Session · Bill
S 10585: Assesses a separate tax on distributions from designated settlement funds
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 10585 is a bill introduced in the New York Senate on May 27, 2026. According to its official title, it concerns: Assesses a separate tax on distributions from designated settlement funds. Primary sponsor: Michael Gianaris. It lists 3 additional sponsors. Most recent recorded action (June 1, 2026): REFERRED TO WAYS AND MEANS.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Assesses a 100% tax on distributions from the federal anti-weaponization fund; provides that such tax shall not be reduced pursuant to any deduction, exemption or credit.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Democratic/Working Families 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Michael Gianaris | Primary sponsor | Not applicable (committee) | — | — |
| Pat Fahy | Co-sponsor | Democratic | Senate | 46 |
| Kevin Parker | Co-sponsor | Democratic/Working Families | Senate | 21 |
| Jessica Ramos | Co-sponsor | Democratic/Working Families | Senate | 13 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO WAYS AND MEANS
- DELIVERED TO ASSEMBLY
- PASSED SENATE
- ORDERED TO THIRD READING CAL.1523
- COMMITTEE DISCHARGED AND COMMITTED TO RULES
- REFERRED TO BUDGET AND REVENUE