Enacts the "Affordable NY act"
S 1559, the "Affordable NY Act," increases property tax exemptions for homeowners and adjusts New York's personal income tax brackets. It raises the basic STAR exemption base from $30,000 to $60,000 for all future years and ties the enhanced STAR exemption base to a CPI-W index (multiplied by two for 2025-2026 and beyond). The bill also updates income tax rates, including higher brackets for 2018-2020 taxable years, with specific changes to tax thresholds and percentages. These changes directly affect New York homeowners who qualify for STAR exemptions and residents filing state income tax returns. The bill takes immediate effect upon enactment.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2025
Last action Mar 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
3
Mar 13, 2026
Upper · Passed
NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
upper
Jan 7, 2026
Committee
REFERRED TO AGING
upper
Jan 10, 2025
Committee
REFERRED TO AGING
upper
1 primary · 10 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tony Palumbo
RRepublican
Co
Alexis Weik
RRepublican/Conservative
Co
Andrew Lanza
RRepublican/Conservative/Independence/Reform
Co
George Borrello
RRepublican/Conservative
Co
Jim Tedisco
RRepublican/Conservative
Co
Mario Mattera
RRepublican/Conservative
Co
Pam Helming
RRepublican/Conservative/Independence
Co
Patricia Canzoneri-Fitzpatrick
RRepublican/Conservative
Co
Peter Oberacker
RRepublican/Conservative
Co
Steve Chan
RRepublican/Conservative
Co
Steve Rhoads
RRepublican/Conservative
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