Budget & Taxes (Income Tax)

in committee · New York · Senate Jan 7, 2026

S 5033: Relates to the volunteer firefighters' and ambulance workers' credit; repealer

Repeals the provision of law that volunteer firefighters and ambulance workers who receive a real property tax exemption for service may not receive the income tax credit for such service.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals restriction preventing volunteer firefighters/ambulance workers from receiving income tax credit, providing tax relief for lower-income emergency workers.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4118: Establishes a veteran tax deduction

This bill creates a $6,000 tax deduction for New York taxpayers who are veterans, effective for all taxable years beginning January 1, 2025. The deduction applies to individuals meeting the definition of "veteran" under existing veterans' services law. It directly affects qualifying veterans by reducing their taxable income for state income tax purposes. The provision amends the tax law to add this specific deduction category, with no additional eligibility requirements beyond the established veteran status definition.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $6,000 tax deduction for veterans, reducing taxable income and providing targeted tax relief under state tax law.95% confidence ✓ VeteransSupports VeteransCreates $6,000 tax deduction for veterans, directly expanding financial benefits and reducing state tax burden per veterans' services law definition.95% confidence

Sub-Topics Income Tax Veteran Benefits Veteran Education Veteran Employment

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in committee · New York · Senate Jan 7, 2026

S 6839: Increases the earned income tax credit

This bill increases New York State's Earned Income Tax Credit (EITC) rate to 45% for taxable years beginning in 2025, up from 30% previously. It directly affects low-to-moderate income working New York residents who qualify for the federal EITC. Key provisions include new payment options: taxpayers can choose a lump sum for credits under $200, quarterly payments for credits between $200-$2,400, or monthly payments for larger credits. The change applies to 2025 tax returns and includes a mechanism for the state to adjust the credit if federal funding changes impact the program.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases EITC rate to 45% for low-to-moderate income workers, providing tax relief and expanding state-funded credit for qualifying residents.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases EITC rate for low-income workers, directly boosting earnings and expanding tax benefits for employed residents.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2317: NY local food and products sourcing tax credit

This bill creates a tax credit for New York businesses that source a significant portion of their products locally. It directly affects businesses subject to New York's income tax (Article 9 or 9-A) that sell food or goods, provided they source 20% to 100% of their net sales from New York producers. The credit amount varies based on the percentage of local sourcing: $1,500 for 20%, up to $25,000 for 100% local sourcing, with no carryover of unused credits to future years. Businesses must submit a report with their tax return detailing local producer names, locations, purchase amounts, and units bought.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for businesses sourcing locally, providing direct tax relief to qualifying entities under NY income tax, aligning with tax policy support indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 208: Provides a tax credit for the cost of fishing and hunting licenses issued to volunteer firefighters and ambulance workers

This bill creates a tax credit for New York resident volunteer firefighters and ambulance workers who pay for fishing or hunting licenses. It allows them to claim a credit equal to the full cost of those licenses (including tags and permits) against their state income tax. The credit applies only to those who served as active volunteers for the entire previous year, and any unused portion can be carried forward to future tax years. The credit becomes effective for tax years beginning January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides targeted tax relief for volunteer public safety workers via credit against state income tax, aligning with tax relief indicators for lower-income groups.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 5030: Provides a tax credit to certain landowners who allow snowmobile access on such land

This bill creates a tax credit for landowners who allow snowmobile access on their property via state-funded snowmobile trails. Landowners can claim a credit of $0.10 per linear foot of trail on their property, capped at $750 annually. Unused credit can be carried forward to future tax years (with specific limits) or refunded, but cannot be carried beyond 2035. The credit applies to personal income tax and requires the trail to be part of a state-funded system.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing landowners' tax liability, aligning with tax relief support indicator.90% confidence ✓ TransportationSupports TransportationBill funds state snowmobile trails via tax credit, directly supporting recreational transportation infrastructure within the defined topic area.92% confidence

Sub-Topics Income Tax Tax Credits

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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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