A 7567 New York Assembly · 2025 Regular Session

Relates to the definition of business entity; and relates to the allowance and application of the newspaper and broadcast media jobs tax credit

Summary

Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2025

Committee Review

Floor Vote

Governor

Introduced Apr 1, 2025 Last action Apr 9, 2026

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What changed between versions

A7567 → A7567A · 3 edits

MINOR

This bill updates the definition of a 'business entity' to explicitly include not-for-profit and public television/radio corporations. It also revises the newspaper and broadcast media jobs tax credit to be based on certificates issued to eligible businesses owned by the taxpayer, rather than a separate calculation. Finally, the effective date for the tax credit is delayed from January 1, 2026, to January 1, 2027.

Scope change

The bill expands the scope of eligible entities for the tax credit by including not-for-profit and public media corporations, and clarifies that the credit applies to costs associated with certificates of tax credit held by the taxpayer or their affiliated entities.

DEFINITION

Added not-for-profit corporations and public television or radio corporations to the legal definition of 'business entity'.

ELIGIBILITY

Changed the tax credit calculation basis to rely on certificates of tax credit issued to eligible businesses owned by the taxpayer or their partners/shareholders.

TIMELINE

Delayed the effective date of the tax credit provisions from January 1, 2026, to January 1, 2027.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 9, 2026

Lower · Passed

PRINT NUMBER 7567A

lower

Apr 9, 2026

Lower · Passed

AMEND AND RECOMMIT TO ECONOMIC DEVELOPMENT

lower

Jan 7, 2026

Committee

REFERRED TO ECONOMIC DEVELOPMENT

lower

Apr 1, 2025

Committee

REFERRED TO ECONOMIC DEVELOPMENT

lower

1 primary · 4 co-sponsors