Relates to the definition of business entity; and relates to the allowance and application of the newspaper and broadcast media jobs tax credit

Latest action May 13, 2026

New York State Senate

Same as A7567, the matching bill in the Assembly.

Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.

Summary from NY Open Legislation. How we handle summaries

Amends the Economic Development Law.

Not chosen yet

Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Committee

Commerce, Economic Development And Small Business · New York State Senate

Purpose, from the sponsor's memo

Section 1 amends the economic development law to include nonprofit corporations in the definition of business entity Section 2 amends the tax law to ensure that nonprofit news outlets be allowed to access the newspaper and broadcast media jobs tax credit Section 3 amends the tax law to ensure that nonprofit news outlets be allowed to access the newspaper and broadcast media jobs tax credit Section 4 is the effective date.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Committee vote · Commerce, Economic Development And Small Business
Senate Commerce, Economic Development And Small BusinessMay 13, 2026Result: passed
(6) (3) (0) (0)

Cosponsors

Albert A. Stirpe, Judy Griffin and 6 more on Agora

Showing the cosponsors who are on Agora, A to Z. The official record may list more.

Read on NY Senate

Democratic8

Shown in neutral colors by design; Agora is non-partisan.

The sponsor's argument

Why Christopher Ryan says this is needed

The Local Journalism Sustainability Act was included in the enacted budget of 2024. This bill clarifies that nonprofit corporations and public television or radio corporations are eligible to access the tax credit created under the Act. Nonprofit journalism entities must be explicitly included in the program to ensure the program truly sustains the journalistic ecosystem. Public interest journalism depends on equi- table access to this financial support. The effective date for the legislation is the same as the effective date of the Local Journalism Sustainability Act in an effort to maintain parity between news outlets.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

May 13, 2026
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
Apr 9, 2026
Amend and Recommit to Economic Development
AMEND AND RECOMMIT TO ECONOMIC DEVELOPMENT
NY Assembly
Mar 30, 2026
Referred to committee
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
NY Senate
Jan 7, 2026
Referred to committee
REFERRED TO ECONOMIC DEVELOPMENT
NY Assembly
Apr 1, 2025
Referred to committee
REFERRED TO ECONOMIC DEVELOPMENT
NY Assembly

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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