2025-2026 Regular Session • New York Legislature
A07636
Legislative Summary
Reinstates a bank tax based on the highest of four bases: a tax on allocated entire net income, a tax on allocated alternative entire net income, a tax on allocated taxable assets, or a fixed dollar minimum tax; prohibits banks from segregating their income and capital into business and investment varieties.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
4/4/2025
referred to ways and means
Assembly
Status Information
Current Status
Introduced(4/4/2025)
Chamber
Assembly
Committee
Ways and Means(Assembly)
Sponsors
Democrat: 1
Primary Sponsor
Ron Kim
Democrat