New York's S 1157 establishes a state-run savings program to help first-time homebuyers save for purchasing their first primary residence in New York. The program creates tax-advantaged savings accounts managed by the state comptroller, allowing eligible residents to contribute funds that qualify for state income tax benefits under Section 612 of the tax law. To qualify, applicants must have no prior ownership of any home (including mobile homes claimed as personal property on tax returns) and must use funds exclusively for buying or building a home in New York to be used as their primary residence for at least two years. The bill outlines specific account rules, defines "first-time homebuyer," and specifies allowable expenses like purchase costs for houses, condos, or cooperative units within the state.
Provides that for taxable years beginning on and after January first, two thousand twenty-six, a resident taxpayer who serves as an active volunteer firefighter or as a volunteer ambulance worker shall be allowed a credit against the tax imposed equal to eight hundred dollars; provides for a real property tax exemption under certain circumstances to an enrolled member of an incorporated volunteer fire company, fire department or incorporated voluntary ambulance service residing in such city, village, town, school district, special district, fire district or county.
Provides that for taxable years beginning on and after January first, two thousand twenty-six, a resident taxpayer who serves as an active volunteer firefighter or as a volunteer ambulance worker shall be allowed a credit against the tax imposed equal to eight hundred dollars; provides for a real property tax exemption under certain circumstances to an enrolled member of an incorporated volunteer fire company, fire department or incorporated voluntary ambulance service residing in such city, village, town, school district, special district, fire district or county.
Establishes a clinical preceptorship personal income tax credit for certain health care professionals who provide preceptor instruction to students studying to be a health care professional.
Relates to the provision of financial assistance to museums, zoos, botanical gardens, aquariums and other cultural institutions located in low-income urban, suburban or rural communities, or that provide educational services to students from such communities.
This bill updates New York's definition of "period of war" in the real property tax law to expand eligibility for the alternative veterans' exemption. It adds specific recent military conflicts to the existing list, including the Global War on Terrorism (September 11, 2001, through end of hostilities), and NATO combat operations in Somalia (1992-1994), Bosnia (1995-2004), and Kosovo (1999-1999). Veterans who served during these newly included periods will now qualify for the tax exemption. The change directly affects veterans whose service falls within these defined modern conflicts, ensuring they meet the eligibility criteria under current law.
Authorizes the assessor of the town of Babylon to accept from Christian Congregation of Long Island an application for exemption from real property taxes with respect to the 2023-2024 assessment rolls.
This bill expands the eligibility for real property tax exemptions to include veterans who served in designated combat zones or combat theaters. To qualify, veterans must provide proof of service through specific military documents, such as discharge papers, campaign medals, or records of receiving hostile fire pay. If approved, the property tax exemption will cover up to ten percent of the assessed value of their home, capped at a maximum dollar amount determined by state rates. The legislation applies immediately upon enactment and directly affects residential property owners who are eligible veterans.
This bill expands real property tax exemptions to veterans who served in designated combat zones or theaters of operation. To qualify, veterans must provide proof of their service through specific military documents, such as discharge papers, campaign medals, or records showing they received hostile fire pay. If eligible, the bill allows these veterans to reduce their property taxes by up to ten percent of their home's assessed value, with a maximum benefit capped at eight thousand dollars. The law takes effect immediately upon passage and applies to qualifying residential properties.
Subtracts from the federal adjusted gross income any income earned by election inspectors, poll clerks, or election coordinators earned while working in relation to a general, primary, run-off primary, or special election to the extent includable in gross income for federal tax purposes; exempts such income from being included in the calculation of the amount of benefits under public assistance programs.
