Home/Bills/S 4660New York · 2025–2026 Legislative Session
Senate BillIntroduced

S 4660: Repeals provisions relating to the empire state jobs retention program credit.

New York · Senate · 2025–2026 Legislative Session · last verified January 9, 2026

What S 4660 does, verified January 9, 2026

The bill repeals certain sections of the tax law and economic development law to eliminate the Empire State Jobs Retention Program credit. This credit was added to provide financial incentives to businesses to retain employees during the COVID-19 pandemic. The repeal of these sections will remove the credit and its associated requirements, effectively ending the program. The changes will take effect on January 1st of the following year, allowing for the implementation of new rules and regulations as needed.

Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (2026-01-07)Alert me
Quick answers about S 4660
What is the current status of S 4660?
As of January 9, 2026, S 4660 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 INVESTIGATIONS AND GOVERNMENT OPERATIONS".
Did S 4660 pass?
Not yet. S 4660 has been introduced and has not passed either house.
Who wrote S 4660, and where is it now?
S 4660 was authored by Sen. James Skoufis. Its committee of record is Senate Investigation & Government Operations.
Recent actions2 total · showing 2
Jan. 07, 2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Feb. 10, 2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Latest bill textIntroduced version, February 10, 2025 · 275 words
  
  STATE OF NEW YORK ________________________________________________________________________ 4660 2025-2026 Regular Sessions  IN SENATE February 10, 2025 ___________ Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to repeal section 36, subsection (tt) of section 606, and subsection (bb) of section 1511 of the tax law and subdivision 3 of section 425 of the economic development law relating to the empire state jobs retention program credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 36 of the tax law is REPEALED. 2 § 2. Subdivision 3 of section 425 of the economic development law is 3 REPEALED. 4 § 3. Subsection (tt) of section 606 of the tax law, as added by 5 section 4 of part E of chapter 56 of the laws of 2011, is REPEALED. 6 § 4. Subsection (bb) of section 1511 of the tax law is REPEALED. 7 § 5. This act shall take effect on the first of January next succeed- 8 ing the date on which it shall have become a law and shall apply to 9 taxable years beginning on or after such date. Effective immediately, 10 the addition, amendment and/or repeal of any rule or regulation neces- 11 sary for the implementation of this act on its effective date are 12 authorized to be made and completed on or before such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09245-01-5 
Text of S 4660 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions
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