S10204 • 2025

Includes#consumption-based solutions to the definition of fixed assets

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Jeremy Cooney
Last action: 2026-05-05
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Includes#consumption-based solutions to the definition of fixed assets

Includes#consumption-based solutions to the definition of fixed assets Includes consumption-based solutions, which may utilize any combination of software, hardware or equipment, data, and labor or services that provides a capability that is metered and billed based on actual usage at fixed price units, to the definition of fixed assets.

What This Bill Does

Includes#consumption-based solutions to the definition of fixed assets Includes consumption-based solutions, which may utilize any combination of software, hardware or equipment, data, and labor or services that provides a capability that is metered and billed based on actual usage at fixed price units, to the definition of fixed assets.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-05-05 Senate
REFERRED TO FINANCE

Official Summary Text

Includes#consumption-based solutions to the definition of fixed assets
Includes consumption-based solutions, which may utilize any combination of software, hardware or equipment, data, and labor or services that provides a capability that is metered and billed based on actual usage at fixed price units, to the definition of fixed assets.

Current Bill Text

Read the full stored bill text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10204

                                    I N  S E N A T E

                                       May 5, 2026
                                       ___________

        Introduced  by  Sen.  COONEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance

        AN ACT to amend the state finance law, in relation to including consump-
          tion-based solutions to the definition of fixed assets

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section  1.  Subdivision 6-a of section 2 of the state finance law, as
     2  amended by section 50 of part XX of chapter 56 of the laws of  2024,  is
     3  amended and a new subdivision 6-c is added to read as follows:
     4    6-a.  "Fixed  assets".  (i)  Assets of a long-term, tangible character
     5  which are intended to continue to be held or used, such as land,  build-
     6  ings,  improvements,  machinery,  and equipment[, and]; (ii) assets that
     7  provide a long-term interest in land, including conservation  easements;
     8  AND (III) CONSUMPTION-BASED SOLUTIONS, TECHNOLOGY SUBSCRIPTIONS, MODELS,
     9  RESERVATIONS,  TENANCY, AND OTHER METHODS OF ACQUIRING INFORMATION TECH-
    10  NOLOGY.
    11    6-C. "CONSUMPTION-BASED SOLUTION". A MODEL UNDER WHICH  A  TECHNOLOGY-
    12  SUPPORTED  CAPABILITY  IS  PROVIDED  TO  THE  STATE  OF NEW YORK AND MAY
    13  UTILIZE ANY COMBINATION OF SOFTWARE, HARDWARE OR  EQUIPMENT,  DATA,  AND
    14  LABOR  OR SERVICES THAT PROVIDES A CAPABILITY THAT IS METERED AND BILLED
    15  BASED ON ACTUAL USAGE AT FIXED PRICE UNITS.
    16    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14729-01-6