Assembly Bill A10854

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10854
 
                           I N  A S S E M B L Y
 
                               April 8, 2026
                                ___________
 
 Introduced  by  M.  of  A.  R. CARROLL  -- read once and referred to the
   Committee on Ways and Means
 
 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:

   Section  1.  Subdivision 6-a of section 2 of the state finance law, as
 amended by section 50 of part XX of chapter 56 of the laws of  2024,  is
 amended and a new subdivision 6-c is added to read as follows:
   6-a.  "Fixed  assets".  (i)  Assets of a long-term, tangible character
 which are intended to continue to be held or used, such as land,  build-
 ings,  improvements,  machinery,  and equipment[, and]; (ii) assets that
 provide a long-term interest in land, including conservation  easements;
 AND (III) CONSUMPTION-BASED SOLUTIONS, TECHNOLOGY SUBSCRIPTIONS, MODELS,
 RESERVATIONS,  TENANCY, AND OTHER METHODS OF ACQUIRING INFORMATION TECH-
 NOLOGY.
   6-C. "CONSUMPTION-BASED SOLUTION". A MODEL UNDER WHICH  A  TECHNOLOGY-
 SUPPORTED  CAPABILITY  IS  PROVIDED  TO  THE  STATE  OF NEW YORK AND 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.
   § 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