Budget & Taxes (Income Tax)

failed · New York · Assembly Jan 7, 2026

A 5934: Establishes a college student expense personal income tax credit

Establishes a college student expense personal income tax credit for a taxpayer or such taxpayer's dependents who are enrolled full-time in an undergraduate college, equal to the amount paid for new and used required textbooks and laptop computers not to exceed one thousand dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for student textbook/laptop expenses, reducing tax burden for lower/middle-income families through direct tax relief.95% confidence ✓ EducationSupports EducationBill provides tax credit for college student textbook/laptop costs, directly supporting higher education affordability and access through financial assistance.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 3979: Establishes a credit against income tax for union dues

This bill creates a dollar-for-dollar credit against New York State income tax for qualified union dues paid to recognized labor organizations starting January 1, 2026. Taxpayers who pay union dues to a bargaining representative (as defined by the bill) can reduce their tax bill by the exact amount of those dues. Any unused portion of the credit is treated as an overpayment and refunded without interest. The credit applies to dues, fees, or assessments paid directly by members to labor organizations representing them. It does not change tax rates or create new obligations beyond the credit mechanism.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dollar-for-dollar tax credit for union dues, reducing taxable income for workers - direct tax relief for middle/lower income earners.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit for union dues, directly strengthening collective bargaining rights and reducing financial barriers for workers to join unions.95% confidence

Sub-Topics Income Tax Collective Bargaining

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in committee · New York · Assembly Jan 7, 2026

A 1281: Imposes a progressive income tax structure; repealer

This bill establishes a new progressive income tax structure for high-income New York taxpayers by creating multiple tax brackets with increasing rates as income rises. It directly affects New York residents earning above certain thresholds, with the highest rates applying to incomes over $5 million (up to 24% for some filing statuses). Key provisions include setting specific tax rates for different income ranges - for example, 10.90% for incomes over $25 million and 24% for incomes over $20 million for certain filers. The bill modifies existing tax law to implement these bracketed rates, replacing previous structures.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes higher tax rates (up to 24%) on high-income earners ($20M+), increasing revenue through progressive taxation to strengthen state fiscal management.95% confidence

Sub-Topics Income Tax

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in committee · New York · Assembly Jan 7, 2026

A 3192: Establishes a credit against income tax for service dogs

This bill creates a state income tax credit for taxpayers who pay for necessary expenses related to service dogs, such as food, veterinary care, training, and boarding. It allows a credit of up to $1,000 per year against income tax for qualified service dog costs, as defined by civil rights law. Unused portions of the credit can be carried forward to future tax years, but the annual limit remains $1,000. The credit applies to taxable years beginning January 1, 2025, and directly affects residents who rely on service dogs for disability-related needs.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $1,000 annual income tax credit for service dog expenses, providing direct tax relief to qualifying residents under fiscal policy.95% confidence

Sub-Topics Income Tax Tax Credits

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failed · New York · Senate Mar 24, 2026

S 3914: Reduces federal adjusted gross income by any overtime compensation earned by an individual

This bill would reduce taxable income for individuals by excluding overtime pay from federal adjusted gross income. Specifically, it creates a new tax provision allowing workers to subtract wages earned for hours beyond their normal schedule (defined as "overtime compensation") from their taxable income. The change would apply to all taxpayers earning overtime pay, effectively lowering their federal income tax liability for that income. The provision would take effect for tax years beginning January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes overtime pay from taxable income, reducing federal tax liability for workers. Provides direct tax relief for middle-income earners, aligning with support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExcludes overtime pay from taxable income, increasing workers' disposable income and effectively boosting take-home pay for overtime hours.85% confidence

Sub-Topics Business Taxes Income Tax Labor Standards

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in committee · New York · Senate Jan 7, 2026

S 6002: Excludes certain training stipends for volunteer firefighters from state income tax

S 6002 (Excludes certain training stipends for volunteer firefighters from state income tax) modifies state tax law to exclude specific training stipends received by volunteer firefighters from state income tax. The bill targets stipends paid under Section 200-AA of the General Municipal Law, which are already included in federal taxable income. This means volunteer firefighters will no longer owe state income tax on these training payments. The change applies immediately to the current tax year and all future years. It directly affects volunteer firefighters who receive such stipends for training.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes tax on firefighter stipends, providing direct tax relief for volunteer firefighters, aligning with tax relief indicators for lower/middle income groups.95% confidence

Sub-Topics Income Tax

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in committee · New York · Senate Feb 17, 2026

S 4437: Relates to high income personal income tax rates

This bill amends New York State's personal income tax rates for high earners, specifically increasing rates for taxpayers with taxable income over $5 million. It modifies tax brackets for three filing categories (single, head of household, and married filing jointly), raising the top marginal rate from 10.30% to 10.80% for incomes exceeding $5 million starting in 2028. The changes apply to tax years beginning after 2027, with temporary adjustments for 2023-2027. The policy directly affects New York residents with very high incomes, increasing their tax liability under the revised brackets.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases top tax rate (10.30% to 10.80%) for high earners ($5M+ income), aligning with closing tax loopholes and promoting fiscal responsibility for budget management.95% confidence

Sub-Topics Income Tax

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in committee · New York · Senate Jan 7, 2026

S 3534: Exempts compensation for active military service from inclusion in a resident's adjusted gross income

This bill exempts active-duty military compensation from New York State income tax calculations for qualifying residents. It directly affects New York residents who serve in the U.S. armed forces outside the state for at least 90 days during a tax year while maintaining a permanent New York residence (such as a home, barracks, or military quarters). The exemption applies to taxable years beginning January 1, 2026, and covers all active-duty pay earned outside New York, provided the service member meets the residence requirements. The policy change removes military compensation from taxable income under specific residency conditions, aligning with New York's tax treatment for service members.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts military pay from state tax, providing tax relief for qualifying residents per bill summary.95% confidence ✓ VeteransSupports VeteransExempts active-duty military pay from NY state tax, providing direct financial benefit to service members maintaining NY residency, aligning with veteran benefit expansion.90% confidence

Sub-Topics Income Tax National Guard & Reserve

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in committee · New York · Assembly Jan 7, 2026

A 7654: Raises tax credits for long-term care insurance from twenty percent to fifty percent

Raises tax credits for long-term care insurance from twenty percent to fifty percent; applies to the corporation tax, franchise tax on business corporations, personal income tax, and franchise tax on insurance corporations.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits for long-term care insurance, providing tax relief and expanding fiscal benefits under multiple tax categories.95% confidence ✓ HealthcareSupports HealthcareIncreases tax credits for long-term care insurance, expanding access to healthcare services by making coverage more affordable.90% confidence

Sub-Topics Business Taxes Income Tax Long-Term Care

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in committee · New York · Assembly Jan 7, 2026

A 5419: Provides a tax credit for persons who vote in a special or general election

This bill creates a $50 tax credit for New York state resident voters who participate in a state general or special election. It directly affects eligible voters by adding $50 to their state tax refund or reducing their tax liability when filing their state income tax return for the year they voted. The credit applies only once per tax year, even if multiple elections occur, and requires voters to have completed standard election identification processes. The credit is applied against the state income tax, with any excess amount refunded like a standard overpayment.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $50 tax credit for voters, reducing tax liability, aligning with tax relief indicator for middle/lower income taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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