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A 9610 New York Assembly · 2025 Regular Session

Increases the excelsior research and development tax credit for qualified research and development expenditures attributable to activities conducted in New York state

Summary
Increases the excelsior research and development tax credit maximum from six to twenty percent for qualified research and development expenditures attributable to activities conducted in New York state.
Issues: ✓ Budget & TaxesSupports Budget & TaxesIncreases R&D tax credit rate from 6% to 20%, providing tax relief to businesses conducting research in NY, advancing fiscal policy to stimulate innovation and economic growth.95% confidence ✓ TechnologySupports TechnologyBill increases R&D tax credit (6%→20%) for tech-focused research in NY, directly funding innovation in technology sector.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2026 Last action Jan 21, 2026
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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
1
Jan 21, 2026
Committee
REFERRED TO ECONOMIC DEVELOPMENT
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Larinda Hooks
Larinda Hooks
DDemocratic/Working Families
NY
35