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Assembly bill · A10247 (2025-26)

Relates to the excelsior research and development tax credit

New York State Assembly

Latest action Feb 12, 2026

Sponsor: John K. Mikulin (Assembly Member, District 17, Republican)

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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 20, 2026. About our data

Summary

Enacts the "empire innovation act"; provides that a participant in the excelsior jobs program shall be eligible to claim a credit equal to the portion of the full cost of the participant's research and development expenses incurred that relates to the participant's research and development expenditures in New York state during the taxable year; provided however, if the participant receives a federal research and development tax credit calculated on the full cost of the participant's research and development expenses that relates to the participant's research and development expenditures in New York state during the taxable year, then said participant shall only be eligible to claim a credit equal to fifty percent of the portion of the participant's federal research and development tax credit that relates to the participant's research and development expenditures in New York state during the taxable year.

Summary from NY Open Legislation. How we handle summaries

Amends the Economic Development Law.

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

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Full history

  1. Feb 12, 2026

    Referred to committee

    REFERRED TO ECONOMIC DEVELOPMENT

    NY Assembly

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