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.
STATE OF NEW YORK
________________________________________________________________________
10854
IN ASSEMBLY
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:
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
