Budget & Taxes (Tax Incentives)

in committee · New York · Assembly Feb 5, 2025

A 2437: Relates to a tax exemption for enrolled members of a volunteer ocean rescue squad in certain municipalities

Provides eligibility for a property tax exemption for enrolled members of a volunteer ocean rescue squad in certain municipalities upon the adoption of a local law, ordinance or resolution.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax exemption for volunteer rescue squad members, constituting tax relief that alignates with support indicators for tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 2172: Provides small businesses with grants to commercialize energy and environmental technology innovations in-state

Provides small businesses with grants of up to $100,000 to commercialize energy and environmental technology innovations and ideas in-state to stimulate economic development.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates state budget funds via $100k grants to stimulate economic development through small business innovation, directly advancing public spending for economic growth.90% confidence ✓ EnergySupports EnergyProvides grants for commercializing energy/environmental tech, directly funding renewable energy innovation and infrastructure development per bill summary.95% confidence ✓ EnvironmentSupports EnvironmentFunds commercialization of environmental tech innovations, directly supporting clean energy development and environmental protection initiatives.95% confidence ✓ TechnologySupports TechnologyProvides grants to commercialize energy/environmental technology innovations, directly funding technology advancement in a specific sector.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Assembly Jan 7, 2026

A 259: Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater

Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater from $20,000 to $25,000 in 2027, $30,000 in 2028, $35,000 in 2029 and $40,000 for each subsequent year.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax exemption for senior pensions, providing direct tax relief on retirement income, aligning with tax relief indicators for middle/lower income retirees.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7648: Enacts the "sustainable building materials act of 2025"

Enacts the "sustainable building materials act"; enacts into law components of legislation relating to reducing greenhouse gas emissions in construction; provides a sales tax exemption for certain low-carbon building materials (Part A); establishes a grant program for manufacturers of concrete for environmental product declarations (Part B).

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides sales tax exemption for low-carbon building materials, reducing tax burden on sustainable construction and aligning with tax relief indicators.90% confidence ✓ EnergySupports EnergyBill reduces construction emissions via low-carbon material tax incentives and grants for sustainable manufacturing, advancing clean energy infrastructure goals.95% confidence ✓ EnvironmentSupports EnvironmentReduces construction emissions via tax incentives for low-carbon materials and grants for environmental product declarations, directly advancing climate goals.95% confidence

Sub-Topics Sales Tax Tax Incentives Climate Change

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in committee · New York · Assembly Jan 7, 2026

A 3744: Relates to notification of a senior real property tax exemption

This bill requires local tax offices to send a second notice to seniors who previously qualified for a real property tax exemption if they haven't received the initial application. It mandates that a second notification be mailed 30 days before the tax deadline, only if the application hasn't been received. The notice must include the application form and clarify that submission is required to maintain the exemption. This directly affects seniors who already had the exemption but failed to resubmit their application, ensuring they receive a final reminder before the deadline.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill preserves tax exemption for seniors by requiring notification, maintaining existing tax relief for low-income seniors. This supports tax exemption policy without altering rates or funding.90% confidence

Sub-Topics Property Tax Tax Incentives

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signed · New York · Senate Dec 5, 2025

S 7685: Relates to increasing the amount of the childcare center tax abatement for certain properties in a city having a population of one million or more

Relates to increasing the amount of the childcare center tax abatement for certain properties in a city having a population of one million or more for abatements taken in a tax year commencing on or after July first, two thousand twenty-five; provides that no such childcare center tax abatement shall be authorized for any tax year commencing on or after July first, two thousand thirty-two; extends the deadline for application for such childcare center tax abatement to March fifteenth, two thousand twenty-seven.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax abatement for childcare centers, providing tax relief that supports essential services and fiscal policy for families in large cities.85% confidence

Sub-Topics Tax Incentives

in committee · New York · Assembly Jan 7, 2026

A 5765: Relates to vehicles in the borough of Manhattan

This bill eliminates a parking tax exemption for Manhattan residents and adds a $50 annual registration fee for vehicles registered to Manhattan residents. Previously, Manhattan residents were exempt from certain parking-related taxes, but this change removes that exemption. The new $50 fee applies to all Manhattan-registered vehicles and funds the MTA through quarterly remittances. The policy affects all Manhattan residents who register vehicles in the borough, effective January 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes $50 annual fee on Manhattan vehicles to fund MTA, directly increasing revenue for public transit infrastructure.95% confidence ✓ TransportationSupports TransportationBill imposes $50 annual fee on Manhattan vehicles to fund MTA, directly advancing public transit infrastructure through dedicated revenue streams.95% confidence

Sub-Topics Fees & Licensing Tax Incentives Vehicle Registration

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signed · New York · Assembly Oct 16, 2025

A 8601: Authorizes New Hour for Women and Children LI, Inc. to receive retroactive real property tax exempt status

Authorizes New Hour for Women and Children LI, Inc. to receive a real property tax exemption for the 2022-2023, 2023-2024 and 2024-2025 assessment rolls.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants tax exemption to nonprofit, providing tax relief for public service organization serving vulnerable populations.85% confidence

Sub-Topics Property Tax Tax Incentives

in committee · New York · Assembly Jan 7, 2026

A 3232: Expands the real property tax exemption for persons with disabilities to property owners who are a parent or parents of an individual with a disability

Expands the real property tax exemption for persons with disabilities to property owners who are a parent or parents of an individual with a disability and such individual lives at such property.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands real property tax exemption for parents of disabled individuals, providing targeted tax relief that alignates with support indicators for middle-income tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Apr 14, 2026

S 8330: Authorizes the county of Nassau assessor to accept an application for a retroactive real property tax exemption from the Incorporated Village of Hempstead Community Development Agency

Authorizes the county of Nassau assessor to accept an application for a retroactive real property tax exemption from the Incorporated Village of Hempstead Community Development Agency for the 2020--2021 school taxes and the 2021 general taxes for the property at 40 Byrd Street.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax exemption for community development agency property, reducing tax burden (tax relief).80% confidence

Sub-Topics Property Tax Tax Incentives

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