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S 1093 New York Senate · 2025 Regular Session

Prohibits federal corporate bailout recipients who engage in stock buybacks from receiving New York state tax credits

Summary
Prohibits federal corporate bailout recipients who engage in stock buybacks from receiving New York state tax credits within three years of engaging in such buybacks.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole for corporations receiving federal bailouts while engaging in stock buybacks, preventing state tax credit misuse and promoting fiscal responsibility.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025 Last action Jan 7, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
Jan 8, 2025
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jessica Ramos
Jessica Ramos
DDemocratic/Working Families
NY
13
Co
Photo of Brad Hoylman-Sigal
Brad Hoylman-Sigal
DDemocratic/Working Families
NY
47