This bill creates a "Small Business Environmental Fund" managed by New York State's urban development corporation to help small businesses obtain loans for pollution prevention and environmental compliance. The fund guarantees up to 90% of loans (capped at $500,000) from financial institutions, targeting businesses that struggle to secure traditional financing for pollution control equipment or compliance activities. It prioritizes small businesses in distressed areas, minority-owned, women-owned, or those complying with new federal/state environmental laws like the Clean Air Act. The fund uses state appropriations, loan fees, and federal funds to provide this credit support without requiring direct state lending.
This bill appropriates $400 million from the state's general fund to the state office for the aging, effective April 1, 2025. The funds are designated for the office's existing programs and services supporting older adults, including care coordination and community-based initiatives. The appropriation becomes immediately available upon enactment, with payments processed through standard state fiscal channels.
This bill expands New York's existing college tuition savings program to include elementary and secondary schools. It amends the law to allow families to use the program's tax-advantaged savings accounts for K-12 education costs, not just college. The changes update program references, tax code provisions (including the $5,000/$10,000 annual contribution deduction), and eligibility to cover all grades. The program will now support families saving for both college and K-12 tuition at public or private schools.
This bill creates a $50 million grant program to support STEM education and career preparation for students in New York. It directly affects school districts (especially high-need districts), colleges, nonprofits, and other eligible organizations that develop STEM programs for K-12 students. Key provisions include competitive grants prioritizing high-need schools, funding for teacher training and after-school programs, and requirements for comprehensive planning. Grants are awarded for five years with annual progress evaluations, and funds cannot replace existing state testing requirements. The program is funded through an immediate appropriation from the state treasury.
Bill A 7798 establishes a three-year moratorium on new unfunded mandates from the state legislature, meaning the state cannot require local governments (counties, cities, towns, school districts, or special districts) to fund new programs or services without providing matching funds. It defines an "unfunded mandate" as any state law causing a local government to incur over $10,000 annually in net costs or $1 million statewide. The bill also creates 11 regional mandate relief councils (covering all New York state regions) to review existing mandates, help local governments manage costs, and provide recommendations. These councils will operate under specific guidelines, though the bill exempts mandates required by federal law, court orders, or immediate public safety threats. The moratorium and councils aim to reduce financial strain on local governments from state-imposed requirements.
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Local Government
This bill imposes a tax on non-essential helicopter and seaplane flights in New York cities with populations of one million or more, affecting operators of such flights. Starting January 1, 2025, the tax is $50 per passenger or $200 per flight, whichever is greater. Exemptions cover flights for public safety (like emergency response), construction, news organizations, and flights using "quiet" electric aircraft that meet federal noise standards (10 decibels quieter than standard models). Operators must file quarterly tax returns and maintain detailed flight records.
Modifies the tax law to include elective cosmetic surgery as a taxable service; but not including, reconstructive procedures necessary to treat congenital anomalies, developmental abnormalities, trauma, infection, or disease.
Extends the expiration of the provisions authorizing the county of Cattaraugus to impose an additional one percent sales and compensating use taxes until November 30, 2027.
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.
New York's S 1157 establishes a state-run savings program to help first-time homebuyers save for purchasing their first primary residence in New York. The program creates tax-advantaged savings accounts managed by the state comptroller, allowing eligible residents to contribute funds that qualify for state income tax benefits under Section 612 of the tax law. To qualify, applicants must have no prior ownership of any home (including mobile homes claimed as personal property on tax returns) and must use funds exclusively for buying or building a home in New York to be used as their primary residence for at least two years. The bill outlines specific account rules, defines "first-time homebuyer," and specifies allowable expenses like purchase costs for houses, condos, or cooperative units within the state.
