Budget & Taxes (Business Taxes)

in committee · New York · Senate Jan 7, 2026

S 5966: Creates tax parity by imposing a six percent tax on all combative sport event ticket sales

Creates tax parity by imposing a six percent tax on all combative sport event ticket sales; taxes gross receipts from broadcasting rights and digital streaming over the internet of combative sport events.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new tax on combative sports events, generating state revenue to support budget. No indication of tax relief for lower income or cuts to services.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 3033: Relates to a tax deduction for small business employers for certain wages and compensation paid to employees earning minimum wage

Provides a tax deduction for small business employers of 25% of the wages, salary or compensation paid to up to ten employees who earn up to 110% of the minimum wage.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax deduction for small businesses on low-wage employees, offering tax relief to small employers per bill's explicit tax policy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 5959: Creates deductions for creation or improvements of child care facilities

Creates deduction from franchise tax and personal income tax for costs of acquiring or improving child care facility operated for profit; creates deduction from corporation tax, franchise tax, personal income tax and tax on banks for costs of acquiring or improving a child care facility operated primarily for children of taxpayer's employees.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax deductions reducing state tax revenue, weakening budgetary tax base90% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · New York · Senate Jan 8, 2025

S 386: Relates to small business savings accounts

This bill creates tax-advantaged "small business savings accounts" for eligible small businesses. It allows businesses with 25 or fewer full-time employees and under $250,000 annual net income to deduct up to 10% of their prior year's gross profits as contributions. Qualified distributions during economic hardship (defined by GDP declines or disaster declarations) are tax-free if reinvested for job retention/creation, with an 8-year limit on qualifying uses. Non-qualified distributions are taxable, and accounts pledged as loan security lose tax benefits. The law takes effect for tax years beginning after 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deductions for small businesses (25+ employees, $250k income cap), reducing tax burden and promoting economic stability through tax-advantaged savings accounts.90% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 1981: Relates to increasing the state excise tax on cigarettes

This bill increases the state excise tax on cigarettes from $5.35 to $6.24 per 20 cigarettes (or $1.33 per 5 cigarettes beyond the first 20). It directly affects cigarette sellers and consumers within the state, applying to all cigarette sales except those to qualified Native American tribes for personal use on reservations, to the U.S. government, or to military organizations under federal regulations. The tax is collected via affixed stamps, with tribes having the option to use a tax exemption coupon system for sales to non-members or non-Indians on reservations. The change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases cigarette excise tax, directly raising state revenue through higher taxation for budget purposes.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · New York · Senate Feb 3, 2026

S 711: Relates to the procedure for voting increases in the rate of state taxes

Provides that no bill which increases, extends, imposes or revives any tax, fee, assessment, surcharge or any other such levy or collection, be passed or become a law, except by the assent of two-thirds of the members elected to each branch of the legislature voting separately; makes an exception for any bill which results from the passage of a home rule message.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRequires two-thirds legislative approval for tax increases, restricting the ability to raise taxes without broad consensus, directly opposing easy tax hikes.90% confidence

Sub-Topics Business Taxes Sales Tax State Budget

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in committee · New York · Assembly Jan 7, 2026

A 1090: Establishes an interstate compact agreement to phase out corporate giveaways

Establishes an interstate compact agreement to phase out corporate giveaways which prohibits member states from offering or providing any company-specific tax incentive or company-specific grant to any entity for a corporate headquarters, manufacturing facility, office space or other real estate development located in any other member state as an inducement for the corporate headquarters, manufacturing facility, office space or other real estate development to relocate to the offering member state.

Topics ✗ Budget & TaxesOpposes Budget & TaxesPhases out corporate tax incentives and prohibits company-specific tax breaks/grants, directly restricting corporate tax giveaways per topic indicators.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Economic Development

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in committee · New York · Senate Mar 11, 2026

S 730: Relates to railroad rolling stock

Exempts railroad rolling stock from sales and compensating use taxes; defines "railroad rolling stock" as a device, which is used exclusively upon stationary rails or tracks to transport goods, commodities, or equipment, including, but not limited to, flat cars, box cars, gondolas, hopper cars, or other freight railroad cars.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts railroad rolling stock from sales taxes, reducing state tax revenue and weakening fiscal management.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 914: Establishes separate taxes on inheritance income and on gift income

Relates to creating a separate tax on inheritance income, creating a separate tax on gift income, the computation of the estate tax, and creating a gift tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new taxes on inheritance and gift income, strengthening tax revenue collection under Budget & Taxes policy framework.90% confidence

Sub-Topics Business Taxes Income Tax

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in committee · New York · Senate Feb 3, 2026

S 3922: Requires two-thirds vote of legislature for any change in tax rates, budget bills and appropriations

Requires approval by 2/3 vote of membership of the senate and assembly voting separately to increase or decrease any tax rate, impose a new state tax, extend or delete existing state tax.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRequires 2/3 vote for tax changes, restricting legislative flexibility on tax rates and new taxes, aligning with 'oppose' stance.95% confidence

Sub-Topics Audits & Accountability Business Taxes State Budget

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