A 10318: Adds certain gains with respect to small business stock excluded pursuant to section 1202 of the Internal Revenue Code as an increase to adjusted gross income.
What A 10318 does, verified February 22, 2026
Adds certain gains with respect to small business stock excluded pursuant to section 1202 of the Internal Revenue Code as an increase to adjusted gross income.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to ways and means (2026-02-20)Alert me
Quick answers about A 10318
- What is the current status of A 10318?
- As of February 22, 2026, A 10318 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on February 20, 2026, was "referred to ways and means".
- Did A 10318 pass?
- Not yet. A 10318 has been introduced and has not passed either house.
- Who wrote A 10318, and where is it now?
- A 10318 was authored by Asm. Micah Lasher. Its committee of record is Assembly Ways & Means. It is filed under TAX, alongside 323 other New York TAX bills this session.
Author and sponsors
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| Feb. 20, 2026 | referred to ways and means |
Latest bill textIntroduced version, February 20, 2026 · 352 words
STATE OF NEW YORK ________________________________________________________________________ 10318 IN ASSEMBLY February 20, 2026 ___________ Introduced by M. of A. LASHER -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to modifications increasing federal adjusted gross income The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (b) of subdivision 9 of section 208 of the tax 2 law is amended by adding a new subparagraph 28 to read as follows: 3 (28) For taxable years beginning on or after January first, two thou- 4 sand twenty-five, the amount of any gain excluded pursuant to section 5 1202 of the Internal Revenue Code, with respect to such exclusion the 6 amount of the deduction allowable under section 1202 of the Internal 7 Revenue Code. 8 § 2. Subsection (b) of section 612 of the tax law is amended by adding 9 a new paragraph 44 to read as follows: 10 (44) For taxable years beginning on or after January first, two thou- 11 sand twenty-five, the amount of any gain excluded pursuant to section 12 1202 of the Internal Revenue Code, with respect to such exclusion the 13 amount of the deduction allowable under section 1202 of the Internal 14 Revenue Code. 15 § 3. Paragraph 2 of subdivision (b) of section 1503 of the tax law is 16 amended by adding a new subparagraph (AA) to read as follows: 17 (AA) For taxable years beginning on or after January first, two thou- 18 sand twenty-five, the amount of any gain excluded pursuant to section 19 1202 of the Internal Revenue Code, with respect to such exclusion the 20 amount of the deduction allowable under section 1202 of the Internal 21 Revenue Code. 22 § 4. This act shall take effect immediately, and shall apply to taxa- 23 ble years beginning on or after January 1, 2025. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14477-04-6
Text of A 10318 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions