Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 4232: Relates to funds allocated to the independent authorities budget office

Provides that funds recovered from public authorities for the provision of governmental services and allocated to the independent authorities budget office shall only be used for direct expenses of the authorities budget office and may not be used for fringe benefits and indirect costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesRestricts fund usage to direct expenses only, promoting fiscal responsibility in budget management per bill summary.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New York · Senate Jan 7, 2026

S 7907: Relates to the imposition of sales tax on the sale of race horses made through claiming races

This bill changes the sales tax rules for race horses sold in claiming races. It requires sellers to pay sales tax on the full purchase price each time a horse is sold, rather than just the amount exceeding previous purchase prices in the same year. Race tracks must keep detailed records of these sales for tax purposes. The law applies to all claiming race horse transactions within the state starting 90 days after enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires full sales tax on claiming race horse sales, closing a tax loophole to increase revenue collection under fiscal management.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New York · Senate Jan 7, 2026

S 3411: Provides a tax credit for the installation of certain fire sprinkler systems

This bill creates a 25% tax credit for homeowners who install fire sprinkler systems in their residences. It directly affects residential property owners in municipalities that do not already require sprinkler systems. The credit covers 25% of labor and material costs, with a maximum annual credit of $5,000. The credit can be carried forward if it exceeds current tax liability but cannot reduce tax below the minimum amount required. The program begins for taxable years starting January 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing homeowner tax liability, a form of tax relief directly affecting state tax policy.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · New York · Senate Jan 7, 2026

S 3272: Establishes the YMCA distinctive license plate

This bill creates a "YMCA member" distinctive license plate for New York residents who are YMCA members. To obtain the plate, applicants must provide proof of YMCA membership and pay a $25 annual fee in addition to standard registration costs. The $25 fee is deposited directly into the New York State YMCA Foundation Fund, which supports YMCA programs and services across the state. The bill establishes this fund in state law and outlines how the money will be managed and spent, with no impact on existing license plate fees or state budgets.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $25 annual fee for YMCA license plate, depositing funds directly into YMCA Foundation Fund to support state programs, aligning with funding essential services.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New York · Senate Jan 7, 2026

S 2082: Relates to a working families tax credit

Provides for a working families tax credit; directs quarterly prepayment of the credit; provides for a sliding reduction in the credit for incomes which exceed a certain threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for working families targeting middle/lower income with sliding scale, aligning with tax relief indicators95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · New York · Senate Jan 7, 2026

S 8238: Relates to self-exclusion provisions

S 8238 modifies self-exclusion rules for gamblers who voluntarily ban themselves from casinos, racetracks, or other licensed gaming venues. It prohibits self-excluded individuals from collecting any winnings or recovering losses from gambling activity while excluded, requiring all such money or value to be forfeited to the state. Forfeited funds must be deposited into specific accounts based on the gambling type - such as the state lottery fund for lottery winnings or the commercial gaming revenue fund for casino losses. This bill directly affects gamblers who have chosen self-exclusion, ensuring they cannot benefit financially from prohibited gambling activity.

Topics ✓ Budget & TaxesSupports Budget & TaxesForfeited gambling funds from self-excluded individuals are directed to state lottery/gaming revenue accounts, increasing state budget revenue without tax changes.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New York · Senate Jan 7, 2026

S 7876: Relates to the itemized deduction for gambling losses

This New York bill (S 7876) eliminates the state tax deduction for gambling losses. It directly affects New York taxpayers who itemize deductions and claim gambling losses on their state returns. The law changes the tax code to set the state deduction for gambling losses at zero percent of the federal amount allowed under IRS rules. This means taxpayers can no longer deduct gambling losses from their New York state taxable income, effective for tax years beginning January 1, 2025. The change applies to all such taxpayers regardless of their gambling activity level.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates tax deduction for gambling losses, closing a tax loophole and increasing state revenue, aligning with fiscal responsibility and tax code strengthening.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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signed · New York · Senate Dec 19, 2025

S 1183: Establishes a real property tax exemption for veterans with a 100 percent service connected disability

This bill would allow local governments (counties, cities, towns, villages, or school districts) to create a property tax exemption for the primary residence of veterans with a 100% service-connected disability. To qualify, veterans must have an honorable discharge, a 100% disability rating from the U.S. Department of Veterans Affairs, and be permanently and totally disabled due to military service. The exemption covers all real property taxes, special district charges, and assessments on their primary home. This policy change directly affects veterans meeting these specific criteria, providing them with tax relief on their main residence starting with 2026 assessment rolls.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for veterans with disabilities, reducing their tax burden and aligning with tax relief for lower-income groups.95% confidence ✓ VeteransSupports VeteransBill provides property tax exemption for veterans with 100% service-connected disability, directly expanding financial benefits and reducing burdens for this specific veteran group.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · New York · Senate Dec 19, 2025

S 2068: Establishes an active service exemption

Authorizes municipalities to offer a real property tax exemption for active military service members who at any time during the taxable year performed active duty in the armed forces in a combat zone; defines terms; makes related provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for military members, providing tax relief. Aligns with support indicators for tax relief in Budget & Taxes.95% confidence ✓ VeteransSupports VeteransTax exemption for combat zone service recognizes military sacrifice, directly supporting veterans through financial benefit95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · New York · Assembly Dec 5, 2025

A 3698: Relates to exemptions from real property taxes for senior citizens

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for seniors, reducing property tax burden for lower-income seniors per income eligibility criteria, aligning with tax relief indicators.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes