S 8631 New York Senate · 2025 Regular Session

Relates to the treatment of certain deductions allowable under the internal revenue code in calculating federal adjusted gross income

Summary

Provides that certain deductions allowable under the internal revenue code related to certain types of property and domestic research or experimental expenditures shall be added to federal adjusted gross income.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Dec 2025

Committee Review

Floor Vote

Governor

Introduced Dec 22, 2025 Last action Feb 10, 2026

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What changed between versions

S8631 → S8631A · 4 edits

MODERATE

This bill was amended to change the effective date for several tax deductions from January 1, 2025 to January 1, 2022, and to add new provisions for tracking deductions related to production property, research expenditures, and equipment purchases. The changes affect how New York taxpayers calculate deductions for federal tax purposes.

Scope change

The bill's scope was expanded by adding new tracking provisions for deductions related to production property, research expenditures, and equipment purchases under Section 612 of the tax law.

TIMELINE

Changed the effective date for qualified production property deductions from January 1, 2025 to January 1, 2025, maintaining the original date but adding new tracking requirements.

REQUIREMENT

Added new provisions to track deductions for research and experimental expenditures, requiring them to be amortized over a 60-month period.

Added new provisions to track deductions for section 179 property (equipment purchases), requiring them to be calculated as if federal law was in effect as of January 1, 2022.

Added new tracking provisions for deductions related to production property, requiring taxpayers to report amounts claimed as deductions that resulted from specific federal elections.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Feb 10, 2026

Upper · Passed

PRINT NUMBER 8631A

upper

Feb 10, 2026

Upper · Passed

AMEND AND RECOMMIT TO BUDGET AND REVENUE

upper

Jan 7, 2026

Committee

REFERRED TO BUDGET AND REVENUE

upper

Dec 22, 2025

Committee

REFERRED TO RULES

upper

1 primary · 0 co-sponsors