Provides a tax credit for the purchase or conversion of an electric vessel or zero emission vessel; provides a tax credit for electric vessel recharging property.
Enacts the "frontline worker assistance act" to establish a one thousand dollar tax credit shall apply to such public employees performing their duties while remaining at their worksite or job location during the pandemic and have not received additional compensation pursuant to a federal, state or local award, grant or retention payment.
Establishes an active military service travel tax credit for New York domiciled active-duty military members for the cost of their airfare when they travel back home to the state.
This bill increases the residential solar tax credit to 26% of qualified solar equipment costs, with new maximum credit amounts: $3,750 for installations before 2026, $5,000 for installations in 2026, and $10,000 for installations in 2027 and after. It applies to homeowners who install solar systems in their principal residence within the state, covering equipment purchases, long-term leases (10+ years), and power purchase agreements (10+ years). The credit can be carried over for up to five years if it exceeds annual tax liability, and for low-income taxpayers or those in disadvantaged communities, excess credit may be refunded starting in 2026.
This bill increases the state income tax credit available to active volunteer firefighters and volunteer ambulance workers. Starting January 1, 2027, the credit for eligible resident taxpayers will increase from $200 to $1,200 per year. To qualify, individuals must have served actively for the entire taxable year. For two qualifying spouses filing a joint return, the credit amount will be $2,400, and any excess credit over the tax owed will be refunded.
S 3471 creates tax credits for New York employers who provide or sponsor on-site or nearby child care facilities. It offers a 10% credit (up to $10,000) on eligible operating costs and a 20% credit (up to $20,000) for qualified facility construction or improvements. The bill requires facilities to be licensed, serve primarily employees' children (excluding households earning over $200,000 annually), and comply with specific reporting rules. These credits apply to business franchise, personal income, and insurance franchise taxes under New York law.
This bill creates a $1,500 wage tax credit for New York employers who hire National Guard members, reservists, volunteer firefighters, or volunteer EMS personnel. Employers qualify if these employees have worked for them at least six months. The credit applies to taxable years beginning January 1, 2027, directly reducing state tax liability for qualifying businesses. It specifically targets employers in these public service sectors to offset costs of retaining these workers.
This bill modifies tax credits for residents of cities with over one million people. It adjusts the existing school tax credit by reducing it $20 for every $1,000 of income over $75,000 (single/head of household) or $150,000 (married filing jointly), but never below zero. It also creates a new $300 per child tax credit for qualifying children under 18, phased out by $10 for every $1,000 over $160,000 (head of household) or $320,000 (married filing jointly), with credits prorated for partial-year residency. The credit requires providing a child's Social Security number and applies only to residents of large cities.
Bill A 952 provides a New York State tax credit to volunteer firefighters and ambulance workers. This tax credit is equal to the cost of a fishing license and a small and big game hunting license. The bill amends existing environmental conservation law to include this new provision, directly affecting these volunteers by reducing the cost of these specific licenses through a tax credit.
Provides a personal income tax credit in the amount of any fishing and/or hunting fees paid by members of the United States armed forces in active service.
