Assembly BillIntroduced
A 11729: Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing.
What A 11729 does, verified September 27, 2026
<p> This act repeals specific provisions within the New York State Tax Law to restore conformity with certain sections of the federal Internal Revenue Code regarding business expensing. The legislation removes designated subparagraphs and paragraphs from sections 208, 612, and 1503 of the Tax Law. These changes effectively eliminate state-level restrictions or modifications that previously diverged from federal rules on business expense deductions. The act is designed to align state tax treatment with federal standards for business expenditures. The law takes effect immediately upon passage. </p>
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to ways and means (2026-09-16)Alert me
Quick answers about A 11729
- What is the current status of A 11729?
- As of September 27, 2026, A 11729 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on September 16, 2026, was "referred to ways and means".
- Did A 11729 pass?
- Not yet. A 11729 has been introduced and has not passed either house.
- Who wrote A 11729, and where is it now?
- A 11729 was authored by Asm. Steve Stern. Its committee of record is Assembly Ways & Means.
Author and sponsors
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| Sep. 16, 2026 | referred to ways and means |
Latest bill textIntroduced version, September 16, 2026 · 265 words
STATE OF NEW YORK ________________________________________________________________________ 11729 IN ASSEMBLY September 16, 2026 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Stern) -- read once and referred to the Committee on Ways and Means AN ACT to repeal certain provisions of the tax law, in relation to restoring conformity with certain provisions of the Internal Revenue Code relating to business expensing The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraphs 24, 25 and 26 of paragraph (a) of subdivision 2 9 of section 208 of the tax law are REPEALED. 3 § 2. Subparagraphs 28 and 29 of paragraph (b) of subdivision 9 of 4 section 208 of the tax law are REPEALED. 5 § 3. Paragraphs 44 and 45 of subsection (b) of section 612 of the tax 6 law are REPEALED. 7 § 4. Paragraphs 48, 49 and 50 of subsection (c) of section 612 of the 8 tax law, paragraph 48 as added by section 4 of part F of chapter 59 of 9 the laws of 2026, are REPEALED. 10 § 5. Subparagraphs (X), (Y) and (Z) of paragraph 1 of subdivision (b) 11 of section 1503 of the tax law are REPEALED. 12 § 6. Subparagraphs (AA) and (BB) of paragraph 2 of subdivision (b) of 13 section 1503 of the tax law are REPEALED. 14 § 7. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD16149-01-6
Text of A 11729 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions