Vote: Committee vote · Commerce, Economic Development And Small Business
Senate Commerce, Economic Development And Small BusinessMay 13, 2026Result: passed
Sponsor · State Senator, District 50 · Democratic
Senate bill · S9625 (2025-26)
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.
Not chosen yet
Out of committee and scheduled for a vote by the full chamber.
New York State Senate
Same as A7567, the matching bill in the Assembly.
Amends the Economic Development Law.
Commerce, Economic Development And Small Business · New York State Senate
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)
Senate Commerce, Economic Development And Small BusinessMay 13, 2026Result: passed
The sponsor's argument
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.
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
Amend and Recommit to Economic Development
AMEND AND RECOMMIT TO ECONOMIC DEVELOPMENT
NY Assembly
Referred to committee
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
NY Senate
Referred to committee
REFERRED TO ECONOMIC DEVELOPMENT
NY Assembly
Referred to committee
REFERRED TO ECONOMIC DEVELOPMENT
NY Assembly
The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Parties are shown in the same neutral colors.
From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data