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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
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.
Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing corporations and partnerships in return for private assistance; enacts the "Small New York Based High-Technology Business Investment Tax Credit Act".
Sponsors
Sponsors by party (alphabetical): Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Kevin Parker | Primary sponsor | Democratic/Working Families | Senate | 21 |
“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 BUDGET AND REVENUE
- REFERRED TO BUDGET AND REVENUE