This bill creates a new property tax exemption for the primary residence of veterans with a 100% service-connected disability. It applies to veterans who were honorably discharged, have a 100% disability rating from the U.S. Department of Veterans Affairs, and meet specific criteria like permanent total disability or receipt of VA benefits. The exemption fully removes property taxes and special assessments for qualifying veterans' primary homes, in addition to existing tax benefits. The law takes effect for tax assessments dated October 1, 2026, and does not reduce a property's taxable value below zero.
Makes technical corrections relating to authorizing the Bedford Hills Fire District to file an application for exemption from school and real property taxes for the 2022-2023 assessment years.
This bill establishes a program to help school districts and eligible public buildings (like housing or hospitals) with structures over 20,000 square feet reduce energy costs through mechanical insulation upgrades. It requires free, qualified energy audits to identify needed insulation work and provides competitive grants covering 50% to 75% of approved insulation costs for HVAC systems, piping, and equipment. Grants are issued on a first-come basis after an approved audit, with the program to be implemented within one year of enactment. The law defines specific requirements for qualified contractors and insulation standards to ensure energy savings.
This bill extends the tax exemption for certain food donations until July 1, 2026. It directly affects food banks, restaurants, and grocers that donate surplus food, allowing them to continue avoiding sales tax on those donations during this period. The key change modifies the effective date of a 2025 tax law provision, aligning it with a prior legislative proposal and setting July 1, 2026, as the new deadline. This maintains the existing policy without altering the scope of eligible donations or tax treatment. The bill was recently passed by the Senate and returned to the Assembly for further consideration.
Establishes the New York state first home grant program; directs the commissioner of homes and community renewal, in consultation with the state comptroller, to implement such program; provides assistance on behalf of a first time home buyer qualified for such program; and for costs in connection with the acquisition, involving an eligible mortgage loan, of an eligible home, including downpayment costs, closing costs, and costs to reduce the rates of interest on eligible mortgage loans; subsidies to make shared equity homes affordable to home buyers by discounting the price for which the home will be sold and to preserve the affordability of the home for subsequent home buyers; and pre-occupancy home modifications required to accommodate qualified home buyers or members of their household with disabilities; excludes the amount of any grant to any first time home buyer awarded or any federal first time home buyer grant program from taxable income for the purpose of calculating New York adjusted gross income.
Bill S 672 updates the environmental conservation law regarding environmental restoration projects, primarily affecting municipalities and entities involved in remediating contaminated sites. It allows for project funding starting in fiscal year 2025-2026 and expands the definition of "contaminant" to include emerging contaminants and PFAS substances. The bill modifies how responsible party settlement payments are applied to project costs and adds new criteria for prioritizing projects, such as those in disadvantaged communities or addressing drinking water contamination. Additionally, it broadens state indemnification for municipalities, successors, lessees, and lenders involved in these remediation efforts.
Creates a small business renewable tax credit; provides the term "business related renewable energy usage" shall refer to renewable power usage used to further the economic activity of the taxpayer at the primary business location that is clearly delimited from any shared renewable energy power usage cost.
Provides that all equipment used for the transmission and switching of radio signals for the provision of commercial mobile radio service or mobile internet access service no longer constitutes real property subject to the real property tax law.
This bill expands New York's tuition assistance program to include students experiencing homelessness, directly affecting homeless students seeking financial aid for higher education. It modifies eligibility criteria to align with federal definitions under the McKinney-Vento Act and requires a standardized verification process for homelessness status across all tuition assistance programs. The bill also clarifies that homeless students cannot be considered "emancipated" for aid purposes solely based on their homelessness status. These changes aim to streamline access to financial aid for homeless students while ensuring consistent federal-aligned verification.
Relates to tax abatement for rent-controlled and rent regulated property occupied by and real property owned by senior citizens or persons with disabilities.
