Bill Commons

NY S 7877

in committee

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

New York · 2025-2026 Regular Session · upper

Quick answers

Did NY S 7877 pass?

Not yet. NY S 7877 is in committee as of 2026-02-10 and has not come to a final vote. Latest recorded action (2026-02-10): PRINT NUMBER 7877A

What is NY S 7877 about?

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

Who sponsors NY S 7877?

Andrew Gounardes is the primary sponsor of NY S 7877.

Description

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

Introduced
—
Latest action
2026-02-10 — PRINT NUMBER 7877A
Bill type
bill
Last updated
—

Sponsors

  • Andrew Gounardesprimary

Committees

Not provided by source.

Action timeline

  1. 2025-05-13

    REFERRED TO BUDGET AND REVENUE

    referral-committee

  2. 2026-01-07

    REFERRED TO BUDGET AND REVENUE

    referral-committee

  3. 2026-02-10

    AMEND AND RECOMMIT TO BUDGET AND REVENUE

    amendment-passage,referral-committee

  4. 2026-02-10

    PRINT NUMBER 7877A

    amendment-passage

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S7877?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=NY&identifier=S 7877. See the API docs or the MCP server for AI assistants.

Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

See the methodology page for data sources and limitations.