Budget & Taxes (Tax Credits)

in committee · New York · Senate Jan 7, 2026

S 1393: Relates to establishing a job creation tax credit

Relates to establishing a job creation tax credit; provides that the amount of the credit shall be six percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment and if the qualified employee was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or is employed directly in the manufacturing process in an eligible industry, the amount of the credit shall be twelve percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment; caps the credit at $750 for any qualified employee and $1500 for any qualified employee who was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or who is employed directly in the manufacturing process in an eligible industry.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit reducing employer tax burden for job creation, alignating with tax relief and fiscal responsibility indicators.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 3945: Enacts "the rural caregiver relief act"; appropriation

Enacts "the rural caregiver relief act"; provides a tax credit for unpaid family caregivers in an amount equal to $3,000 (Part A); establishes a workplace flexibility grant program to support informal caregivers by awarding grants to businesses who offer remote work options, paid leave and flexible schedules to employees who are informal caregivers (Part B); determines the training and assistance available to informal caregivers in rural areas by requiring the director of the aging to conduct a review (Part C); relates to the provision of a transportation assistance stipend for informal caregivers in rural areas of the state (Part D); makes an appropriation to the office for the aging to support the provisions of this act (Part E).

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $3,000 tax credit for caregivers and funds workplace grants via appropriations, advancing fiscal support for lower-income caregivers through tax relief and targeted spending.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit ($3,000) and workplace grants for family caregivers, improving access to healthcare support in rural areas85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $3,000 tax credit for caregivers (Part A) and grants for flexible work policies (Part B), expanding employee benefits and work-life balance for caregivers.95% confidence

Sub-Topics Tax Credits Paid Leave

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in committee · New York · Senate Jan 7, 2026

S 968: Establishes a child care program capital improvement tax credit program

Establishes a child care program capital improvement tax credit program for child care programs to provide financial assistance to New York's child care providers to facilitate the enhancement, expansion, and improvement of access to quality child care.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit program for child care providers, providing financial assistance via tax relief to enhance quality services, aligning with fiscal support for essential programs.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Feb 20, 2025

S 5256: Relates to the New York city musical and theatrical production tax credit

Extends provisions relating to establishing the New York city musical and theatrical production tax credit and establishing the New York state council on the arts cultural program fund; relates to the New York city musical and theatrical production tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax credit for NYC theater productions, providing tax relief to arts industry and funding cultural programs via tax incentive structure.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2314: Establishes a supplemental household and dependent care credit payment

Establishes a supplemental household and dependent care credit payment for taxpayers who are eligible for certain household and dependent care services necessary for gainful employment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax credit for dependent care, providing direct tax relief to eligible taxpayers (likely middle-income) needing care for employment, aligning with tax relief indicators.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2474: Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases

Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses, providing direct tax relief. Aligns with 'provides tax relief' indicator for Budget & Taxes policy.90% confidence ✓ HealthcareSupports HealthcareBill incentivizes small business facility improvements to reduce infectious disease spread, supporting public health initiatives under healthcare topic.75% confidence

Sub-Topics Business Taxes Tax Credits Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 635: Relates to a minimum wage reimbursement credit

This bill creates a tax credit for New York employers who hire eligible young workers. It directly affects businesses in New York that employ students aged 16-19 who work at or near the state minimum wage (up to 50 cents above) during their student years. The credit equals $1.35 per hour worked by qualifying employees during 2025-2028, calculated as total hours multiplied by that rate. The credit amount adjusts if federal minimum wage rises above 85% of New York’s minimum wage.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a targeted tax credit for employers, reducing business tax burden and aligning with fiscal responsibility in budget management.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 9051: Expands the solar energy system equipment tax credit to cover solar energy system equipment installed in a community solar array

Expands the solar energy system equipment tax credit to cover solar energy system equipment installed in a community solar array; defines "community solar array" to mean a location other than a person's principal residence where solar energy system equipment is owned and installed for use in such person's principal residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands solar energy tax credit, providing tax relief for community solar installations, directly advancing tax policy.95% confidence ✓ EnergySupports EnergyExpands solar tax credit to community arrays, directly promoting renewable energy adoption and clean infrastructure investment per bill's explicit language.95% confidence ✓ EnvironmentSupports EnvironmentExpands tax credit for community solar arrays, directly promoting clean energy adoption and reducing fossil fuel reliance per environmental protection indicators.95% confidence

Sub-Topics Tax Credits Solar

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in committee · New York · Assembly Jan 7, 2026

A 7926: Defines film zone and excludes the film zone from the additional empire state film production credit

This bill (A 7926) modifies New York's film production tax credit by defining a specific "film zone" and excluding it from eligibility. It creates a 25-mile radius around Columbus Circle in Manhattan as the "film zone" and removes this area from the list of qualifying locations for the additional Empire State film production credit. Film producers seeking this tax credit (based on wages and production costs in qualifying counties) will no longer be eligible if their principal photography occurs within this defined Manhattan zone. The credit remains available for productions meeting the requirements in all other specified counties outside the film zone.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExcludes film zone from tax credit, restricting eligibility and reducing state tax expenditure for that area.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 7161: Establishes the work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person

Establishes the work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person; provides a credit shall be allowed of up to $2,400; provides the total amount of credit provided statewide shall not exceed fifteen million dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit ($2,400 max) to small businesses for hiring long-term unemployed, reducing business tax liability and incentivizing job creation within budget constraints.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit to hire long-term unemployed, increasing job opportunities and workforce participation for vulnerable workers.85% confidence

Sub-Topics Tax Credits

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