New York S 7876: Creates a pedestrian safety rating system for motor vehicles

Bill Text

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S07876 Summary:

BILL NOS07876 

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SAME ASNo Same As

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SPONSORGOUNARDES

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COSPNSR

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MLTSPNSR

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Amd §615, Tax L

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Provides that the New York itemized deduction for gambling losses shall be zero percent of the amount allowed under the internal revenue code.

Go to top S07876 Actions:

BILL NOS07876 

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05/13/2025REFERRED TO BUDGET AND REVENUE

05/28/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO BUDGET AND REVENUE

Go to topS07876 Committee&nbspVotes:

Go to topS07876 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS07876 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7876

 2025-2026 Regular Sessions

 IN SENATE

 May 13, 2025
 ___________

 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
 printed to be committed to the Committee on Budget and Revenue

 AN ACT to amend the tax law, in relation to the itemized deduction for
 gambling losses

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 615 of the tax law is amended by adding a new
 2 subsection (h) to read as follows:
 3 (h) Notwithstanding subsection (a) of this section, the New York item-
 4 ized deduction for gambling losses shall be zero percent of the amount
 5 allowed under §165(d) of Part VI of Subchapter B of Chapter 1 of Subti-
 6 tle A of the internal revenue code.
 7 § 2. This act shall take effect immediately and shall apply to taxable
 8 years beginning on or after January 1, 2025.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10997-02-5

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