States / New York / A 7636

A 7636 In Committee

Relates to franchise tax on banking corporations

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
House
Introduced
Apr 4, 2025
Last action
Jan 7, 2026 — REFERRED TO WAYS AND MEANS
Session
2025-2026
Momentum
27 · Low