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New York · 2025 Regular Session · Bill

S 695: Relates to authorizing small business tax-deferred savings accounts

In committee 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 695 is a bill introduced in the New York Senate on January 8, 2025. According to its official title, it concerns: Relates to authorizing small business tax-deferred savings accounts. Primary sponsor: Patrick Gallivan (Republican/Conservative). 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.

Relates to authorizing small business tax-deferred savings accounts for the purpose of improving facilities of such business and for procurement of machinery or equipment.

Sponsors

Sponsors by party (alphabetical): Republican/Conservative 1

NameRolePartyChamberDistrict
Patrick GallivanPrimary sponsorRepublican/ConservativeSenate60

“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 BUDGET AND REVENUE
  2. REFERRED TO BUDGET AND REVENUE

Sources

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