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S 7323 New York Senate · 2025 Regular Session

Enacts the MEGA corporations act mandating worldwide combined reporting for large corporations

Summary
Enacts the MEGA corporations act mandating worldwide combined reporting for large corporations that have more than one billion dollars in gross receipts.
Issues: ✓ Budget & TaxesSupports Budget & TaxesMandates worldwide combined reporting for large corporations to close tax loopholes and improve tax collection, aligning with fiscal responsibility indicators.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 10, 2025 Last action Jan 7, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
Apr 10, 2025
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Liz Krueger
Liz Krueger
DDemocratic/Working Families
NY
28
Co
Photo of Andrew Gounardes
Andrew Gounardes
DDemocratic
NY
26
Co
Photo of Michelle Hinchey
Michelle Hinchey
DDemocratic/Working Families
NY
41