{"id":176578,"date":"2026-03-26T22:17:13","date_gmt":"2026-03-26T22:17:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/176578\/"},"modified":"2026-03-26T22:17:13","modified_gmt":"2026-03-26T22:17:13","slug":"new-york-senate-drops-tax-hike-plan-for-startup-investment-gains","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/176578\/","title":{"rendered":"New York Senate Drops Tax Hike Plan for Startup Investment Gains"},"content":{"rendered":"<p>The New York Senate is pulling a proposal to raise an estimated $101 million by hiking taxes on startup investment gains after it faced intense pushback from the tech industry.<\/p>\n<p>The Senate had proposed decoupling the state tax code from the federal expansion of a Qualified Small Business Stock exclusion in its March 10 budget resolution. That plan is \u201cbeing dropped\u201d as negotiations continue ahead of the state\u2019s April 1 budget deadline, Mike Murphy, a spokesperson for the state Senate\u2019s Democratic majority, said in a Thursday email to Bloomberg Tax.<\/p>\n<p>The tax break <a data-terminal-id=\"T8SR3TKGCTFU\" href=\"https:\/\/news.bloombergtax.com\/daily-tax-report\/expanded-tax-break-in-gop-law-has-startups-talking-restructuring\" rel=\"nofollow noopener\" target=\"_blank\">allows<\/a> founders and early investors to avoid &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"The New York Senate is pulling a proposal to raise an estimated $101 million by hiking taxes on&hellip;\n","protected":false},"author":2,"featured_media":176579,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[19166,71663,34757,42109,71664,9,11,10,4799],"class_list":["post-176578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-capital-gains","tag-exemption-from-tax","tag-federal-budget","tag-federal-tax","tag-irc-conformity","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-small-businesses"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/176578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=176578"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/176578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/176579"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=176578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=176578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=176578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}