Budget & Taxes (Tax Incentives)

passed · New York · Assembly May 29, 2026

A 8117: 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 retroactive tax exemption for specific property, reducing tax burden - aligns with tax relief indicator for support stance95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Mar 18, 2026

A 824: Relates to providing language access services to individuals relating to the tax abatement program

Relates to providing language access services to individuals relating to tax abatement programs for rent-controlled and rent-regulated property occupied by senior citizens or persons with disabilities and senior citizen and disabled homeowners.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures language access for tax abatement program, enabling eligible seniors/disabled renters to access existing tax relief, supporting program implementation.85% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4539: Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age

Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age; increases such amount to $75,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases income threshold for property tax exemption for seniors, providing tax relief by expanding eligibility to higher-income seniors (up to $75k), aligning with tax relief indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4284: Establishes a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manufacturing space to certain high density area in Kings county

Establishes a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manufacturing space to co-located work space and residential units in certain high density areas in Kings county.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends J-51 tax exemption for commercial-to-residential conversions, providing tax relief to property owners in Kings County development projects.95% confidence ✓ HousingSupports HousingBill extends J-51 tax exemption to convert commercial space to residential units in high-density areas, directly incentivizing housing development and increasing housing supply.95% confidence

Sub-Topics Tax Incentives Zoning

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in committee · New York · Assembly May 29, 2025

A 6579: Establishes an active service exemption

Authorizes municipalities to offer a real property tax exemption for active military service members who at any time during the taxable year performed active duty in the armed forces in a combat zone; defines terms; makes related provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for military members, a form of tax relief under property taxation policy95% confidence

Sub-Topics Property Tax Tax Incentives

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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 · Assembly Jan 7, 2026

A 5258: Relates to disallowing county industrial development agencies from offering incentives in municipalities which have their own industrial development agency

This bill (A 5258) prohibits county industrial development agencies from offering financial incentives - such as tax breaks, cash grants, or payments in lieu of taxes - to businesses in any municipality that already operates its own industrial development agency. It directly affects county agencies and municipalities with separate economic development entities, preventing overlapping incentive programs within the same geographic area. The key provision, added to the General Municipal Law, bans county agencies from providing any incentives in municipalities where a local agency exists. The law would take effect two years after enactment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProhibits county agencies from offering tax breaks/incentives in municipalities with their own agencies, restricting tax incentives and overlapping fiscal programs.95% confidence

Sub-Topics Tax Incentives Tags Economic Development

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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 · Senate Jun 10, 2025

S 7780: Relates to the tax exemption of a mutual redevelopment company

S 7780 would allow cities with a population of over one million to grant mutual redevelopment companies an additional 50 years of tax exemption, following the initial maximum period. The exemption requires that the company pays at least 5% of annual rent (minus utilities) for residential units or the taxes paid during 2000-2001, whichever is lower. This applies only to companies already operating under the existing tax exemption framework in large cities.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExtends tax exemptions for redevelopment companies, reducing government tax revenue and weakening fiscal management through prolonged tax breaks.95% confidence ✓ HousingSupports HousingExtends tax exemptions for redevelopment companies with 5% rent payment requirement, incentivizing affordable housing development under existing framework.85% confidence

Sub-Topics Tax Incentives Community Development Renters

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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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