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New York · 2025 Regular Session · Bill

S 3340: Relates to treatment of gains from qualified opportunity zones in calculating taxable income

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 3340 is a bill introduced in the New York Senate on January 27, 2025. According to its official title, it concerns: Relates to treatment of gains from qualified opportunity zones in calculating taxable income. Primary sponsor: Michael Gianaris. It lists 11 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.

Relates to treatment of gains from qualified opportunity zones in calculating taxable income; removes exclusion of gains on property in qualified opportunity zones in calculation of income.

Sponsors

Sponsors by party (alphabetical): Democratic 3 · Democratic/Working Families 7

NameRolePartyChamberDistrict
Michael GianarisPrimary sponsorNot applicable (committee)——
Jabari BrisportCo-sponsorDemocratic/Working FamiliesSenate25
Pat FahyCo-sponsorDemocraticSenate46
Brad Hoylman-SigalCo-sponsorNot applicable (committee)——
Robert JacksonCo-sponsorDemocratic/Working FamiliesSenate31
Liz KruegerCo-sponsorDemocratic/Working FamiliesSenate28
Kevin ParkerCo-sponsorDemocratic/Working FamiliesSenate21
Jessica RamosCo-sponsorDemocratic/Working FamiliesSenate13
Julia SalazarCo-sponsorDemocratic/Working FamiliesSenate18
James SkoufisCo-sponsorDemocraticSenate42
Toby StaviskyCo-sponsorDemocraticSenate11
Lea WebbCo-sponsorDemocratic/Working FamiliesSenate52

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REFERRED TO WAYS AND MEANS
  2. DELIVERED TO ASSEMBLY
  3. PASSED SENATE
  4. ORDERED TO THIRD READING CAL.1352
  5. COMMITTEE DISCHARGED AND COMMITTED TO RULES
  6. REFERRED TO BUDGET AND REVENUE
  7. RETURNED TO SENATE
  8. DIED IN ASSEMBLY
  9. REFERRED TO WAYS AND MEANS
  10. DELIVERED TO ASSEMBLY
  11. PASSED SENATE
  12. ADVANCED TO THIRD READING

Showing 12 most recent of 16 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source