New York S 10204: Includes#consumption-based solutions to the definition of fixed assets

Bill Text

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S10204 Summary:

BILL NOS10204 

&nbsp

SAME ASSAME AS A10854

&nbsp

SPONSORCOONEY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §2, St Fin L

&nbsp

Includes consumption-based solutions, which may utilize any combination of software, hardware or equipment, data, and labor or services that provides a capability that is metered and billed based on actual usage at fixed price units, to the definition of fixed assets.

Go to top S10204 Actions:

BILL NOS10204 

&nbsp

05/05/2026REFERRED TO FINANCE

Go to topS10204 Committee&nbspVotes:

Go to topS10204 Floor&nbspVotes:

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

Go to topS10204 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10204

 IN SENATE

 May 5, 2026
 ___________

 Introduced by Sen. COONEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Finance

 AN ACT to amend the state finance law, in relation to including consump-
 tion-based solutions to the definition of fixed assets

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

 1 Section 1. Subdivision 6-a of section 2 of the state finance law, as
 2 amended by section 50 of part XX of chapter 56 of the laws of 2024, is
 3 amended and a new subdivision 6-c is added to read as follows:
 4 6-a. "Fixed assets". (i) Assets of a long-term, tangible character
 5 which are intended to continue to be held or used, such as land, build-
 6 ings, improvements, machinery, and equipment[, and]; (ii) assets that
 7 provide a long-term interest in land, including conservation easements;
 8 and (iii) consumption-based solutions, technology subscriptions, models,
 9 reservations, tenancy, and other methods of acquiring information tech-
 10 nology.
 11 6-c. "Consumption-based solution". A model under which a technology-
 12 supported capability is provided to the state of New York and may
 13 utilize any combination of software, hardware or equipment, data, and
 14 labor or services that provides a capability that is metered and billed
 15 based on actual usage at fixed price units.
 16 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14729-01-6

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