Senate BillIntroduced
S 3386: Prohibits certain itemized deductions for charitable contributions for New York residents.
What S 3386 does, verified January 8, 2026
The proposed bill aims to limit charitable contribution deductions for high-income individuals in New York State. Currently, individuals with a New York adjusted gross income over $10 million can claim a 25% deduction for charitable contributions. The bill proposes to eliminate this deduction for individuals with an income over $10 million, effectively capping their charitable deduction at the standard deduction amount. This change would apply to taxable years starting on and after the bill's effective date, and would immediately take effect.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO BUDGET AND REVENUE (2026-01-07)Alert me
Quick answers about S 3386
- What is the current status of S 3386?
- As of January 8, 2026, S 3386 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO BUDGET AND REVENUE".
- Did S 3386 pass?
- Not yet. S 3386 has been introduced and has not passed either house.
- Who wrote S 3386, and where is it now?
- S 3386 was authored by Sen. Andrew Gounardes. Its committee of record is Senate Budget & Revenue.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO BUDGET AND REVENUE |
| Jan. 27, 2025 | REFERRED TO BUDGET AND REVENUE |
Latest bill textIntroduced version, January 27, 2025 · 231 words
STATE OF NEW YORK ________________________________________________________________________ 3386 2025-2026 Regular Sessions IN SENATE January 27, 2025 ___________ Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to itemized deductions for charitable contributions The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 2 of subsection (g) of section 615 of the tax 2 law, as amended by section 1 of part A of chapter 59 of the laws of 3 2024, is amended to read as follows: 4 (2) With respect to an individual whose New York adjusted gross income 5 is over ten million dollars, [the New York] no itemized deduction [shall6be an amount equal to twenty-five percent of any] for charitable 7 [contribution deduction] contributions allowed under section one hundred 8 seventy of the internal revenue code [for taxable years beginning after9two thousand nine and ending before two thousand thirty] shall be 10 allowed. 11 § 2. This act shall take effect immediately and shall apply to taxable 12 years commencing on and after such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00339-01-5
Text of S 3386 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions