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New York · 2025 Regular Session · Bill

S 7877: Relates to application of net operating losses in the calculation of corporate franchise taxes

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 7877 is a bill introduced in the New York Senate on May 13, 2025. According to its official title, it concerns: Relates to application of net operating losses in the calculation of corporate franchise taxes. Primary sponsor: Andrew Gounardes (Democratic). Most recent recorded action (February 10, 2026): PRINT NUMBER 7877A.

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.

Restricts the carrying forward of net operating losses to five years.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Andrew GounardesPrimary sponsorDemocraticSenate26

“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. PRINT NUMBER 7877A
  2. AMEND AND RECOMMIT TO BUDGET AND REVENUE
  3. REFERRED TO BUDGET AND REVENUE
  4. REFERRED TO BUDGET AND REVENUE

Sources

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