Budget & Taxes (Tax Incentives)

in committee · New York · Assembly Jun 6, 2025

A 8028: Relates to increasing the amount of the childcare center tax abatement for certain properties in N.Y. City

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 childcare center tax abatement (tax relief) for NYC properties, aligning with tax relief support indicators for qualifying services.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4448: Relates to the employee training incentive program

This bill increases the tax credit for eligible employee training costs from 50% to 70% under the employee training incentive program, capping the credit at $10,000 per employee trained. It directly affects businesses that participate in the program by allowing them to claim a larger tax credit for qualifying training expenses. The key change modifies the credit calculation in the economic development law, expanding the percentage of eligible training costs covered. This policy change provides businesses with greater financial incentive to invest in employee training programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases business tax credit for employee training from 50% to 70%, providing direct tax relief and incentivizing workforce development under economic development law.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1122: Extends the benefits of the STAR program to small businesses

Relates to extending the benefits of the STAR program to small businesses; defines small business as a business which employs one hundred persons or less.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends STAR tax benefits to small businesses, providing targeted tax relief per program's purpose of reducing property tax burdens.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 5548: Relates to redetermination of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

Permits a redetermination of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities upon a permanent decrease in income.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via abatement redetermination for seniors/disabled with permanent income decrease, targeting lower-income groups.90% confidence ✓ HousingSupports HousingBill adjusts tax abatements for rent-controlled properties when tenant income decreases, maintaining affordability for seniors/disabled tenants in existing housing.90% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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passed both · New York · Assembly Jun 1, 2026

A 3450: Relates to defining "period of war" for the alternative veterans' exemption

This bill expands the definition of "period of war" for a veterans' property tax exemption to include recent military service. It adds specific conflicts: the Global War on Terrorism (starting September 11, 2001), and U.S. military operations in Somalia (1992-1994), Bosnia (1995-2004), and Kosovo (1999-1999) to the existing list. Veterans who served during these newly defined periods will now qualify for the tax exemption. The change directly affects veterans whose service falls within these added conflict dates. The bill amends existing law to clarify which military service periods count for the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for veterans, providing tax relief by reducing taxable property value for qualifying service periods.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption eligibility to include recent conflicts, directly increasing veterans' benefit access for more service periods.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4708: Authorizes a real property tax exemption for certain eligible reservists

Authorizes a real property tax exemption for certain eligible reservists upon adoption of a local law, ordinance or resolution providing therefor; requires property of such eligible reservists to be the primary residence; requires such reservist must have retained active duty status for at least 90 consecutive days to claim such tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for eligible reservists, a direct form of tax relief that reduces government revenue from property taxes, aligning with 'provides tax relief' indicator.95% confidence ✓ VeteransSupports VeteransProvides tax exemption for reservists, a direct financial benefit enhancing veteran support and recognition per bill's explicit language.95% confidence

Sub-Topics Property Tax Tax Incentives National Guard & Reserve

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in committee · New York · Assembly Jan 7, 2026

A 3834: Relating to notice of a tax exemption for persons with disabilities and limited incomes

Requires an assessor to send a second copy of the application and notice for a real property tax exemption to persons with disabilities and limited incomes thirty days prior to the appropriate taxable status date.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption notice process for low-income/disabled residents, offering direct tax relief. Aligns with support indicators for lower-income tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 8316: Establishes a supplemental real property tax exemption for veterans

Establishes a supplemental property tax exemption for veterans and certain un-remarried spouses of veterans upon the adoption of a local law, ordinance or resolution.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for veterans, reducing their tax burden as tax relief per bill summary.95% confidence ✓ VeteransSupports VeteransProvides supplemental property tax exemption for veterans and spouses, directly expanding financial benefits. Explicitly targets veterans' relief with no restrictions.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6566: 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, directly offering tax relief as a key fiscal incentive under the bill's provisions.90% confidence ✓ EnergySupports EnergyBill promotes low-carbon building materials and reduces emissions in construction, advancing energy efficiency goals through tax exemptions and grant programs.95% confidence ✓ EnvironmentSupports EnvironmentReduces construction emissions via tax incentives for low-carbon materials and funds environmental product declarations for concrete manufacturers.95% confidence

Sub-Topics Sales Tax Tax Incentives Climate Change

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in committee · New York · Assembly Jan 7, 2026

A 1901: Relates to redetermination based on income for a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

Relates to redetermination based on increases in income for a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (reduced taxes) for seniors/disabled renters in rent-controlled housing, offering targeted tax relief to vulnerable groups.95% confidence

Sub-Topics Tax Incentives

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