Senate BillIntroduced
S 7876: Provides that the New York itemized deduction for gambling losses shall be zero percent of the amount allowed under the internal revenue code.
What S 7876 does, verified January 9, 2026
Provides that the New York itemized deduction for gambling losses shall be zero percent of the amount allowed under the internal revenue code.
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 7876
- What is the current status of S 7876?
- As of January 9, 2026, S 7876 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 7876 pass?
- Not yet. S 7876 has been introduced and has not passed either house.
- Who wrote S 7876, and where is it now?
- S 7876 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 actions3 total · showing 3
| Jan. 07, 2026 | REFERRED TO BUDGET AND REVENUE |
| May. 28, 2025 | REPORTED AND COMMITTED TO FINANCE |
| May. 13, 2025 | REFERRED TO BUDGET AND REVENUE |
Latest bill textIntroduced version, May 13, 2025 · 192 words
STATE OF NEW YORK ________________________________________________________________________ 7876 2025-2026 Regular Sessions IN SENATE May 13, 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 the itemized deduction for gambling losses The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 615 of the tax law is amended by adding a new 2 subsection (h) to read as follows: 3 (h) Notwithstanding subsection (a) of this section, the New York item- 4 ized deduction for gambling losses shall be zero percent of the amount 5 allowed under §165(d) of Part VI of Subchapter B of Chapter 1 of Subti- 6 tle A of the internal revenue code. 7 § 2. This act shall take effect immediately and shall apply to taxable 8 years beginning on or after January 1, 2025. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10997-02-5
Text of S 7876 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions