NY A 10247
in committeeRelates to the excelsior research and development tax credit
New York · 2025-2026 Regular Session · lower
Quick answers
Did NY A 10247 pass?
Not yet. NY A 10247 is in committee as of 2026-02-12 and has not come to a final vote. Latest recorded action (2026-02-12): REFERRED TO ECONOMIC DEVELOPMENT
What is NY A 10247 about?
Enacts the "empire innovation act"; provides that a participant in the excelsior jobs program shall be eligible to claim a credit equal to the portion of the full cost of the participant's research and development expenses incurred that relates to the participant's research and development expenditures in New York state during the taxable year; provided however, if the participant receives a federal research and development tax credit calculated on the full cost of the participant's research and development expenses that relates to the participant's research and development expenditures in New York state during the taxable year, then said participant shall only be eligible to claim a credit equal to fifty percent of the portion of the participant's federal research and development tax credit that relates to the participant's research and development expenditures in New York state during the taxable year.
Who sponsors NY A 10247?
John K. Mikulin is the primary sponsor of NY A 10247.
Description
Enacts the "empire innovation act"; provides that a participant in the excelsior jobs program shall be eligible to claim a credit equal to the portion of the full cost of the participant's research and development expenses incurred that relates to the participant's research and development expenditures in New York state during the taxable year; provided however, if the participant receives a federal research and development tax credit calculated on the full cost of the participant's research and development expenses that relates to the participant's research and development expenditures in New York state during the taxable year, then said participant shall only be eligible to claim a credit equal to fifty percent of the portion of the participant's federal research and development tax credit that relates to the participant's research and development expenditures in New York state during the taxable year.
- Introduced
- —
- Latest action
- 2026-02-12 — REFERRED TO ECONOMIC DEVELOPMENT
- Bill type
- bill
- Last updated
- —
Sponsors
- John K. Mikulinprimary
Committees
Not provided by source.
Action timeline
2026-02-12
REFERRED TO ECONOMIC DEVELOPMENT
referral-committee
Versions
- A10247Compare
Documents
Votes
Not provided by source.
Related bills
- Prior session: A 7935not in this corpus
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
Inspect retained evidence for changes recorded after evidence tracking began:
Use this data
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Known limitations
- Sponsor party and chamber affiliation are not yet captured by this API.
- Committee referrals are not yet captured.
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