Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jun 11, 2025

S 5175: Relates to exemptions from real property taxes for senior citizens

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for seniors meeting income criteria, reducing their property tax burden per bill language.90% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · New York · Senate Jan 7, 2026

S 1393: Relates to establishing a job creation tax credit

Relates to establishing a job creation tax credit; provides that the amount of the credit shall be six percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment and if the qualified employee was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or is employed directly in the manufacturing process in an eligible industry, the amount of the credit shall be twelve percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment; caps the credit at $750 for any qualified employee and $1500 for any qualified employee who was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or who is employed directly in the manufacturing process in an eligible industry.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit reducing employer tax burden for job creation, alignating with tax relief and fiscal responsibility indicators.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Feb 5, 2025

A 2436: Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption

This bill authorizes the town of Southampton (with a 2020 census population between 69,000 and 69,500) to create a homestead property tax exemption for residents. It allows eligible homeowners to reduce their local property tax bill by up to $50,000 in assessed value, using the same eligibility rules as the existing STAR school tax relief program. The exemption requires property owners to apply annually through a town-assessor process. It does not change tax rates but provides a targeted break for qualifying homeowners in this specific town.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for homeowners via homestead exemption, reducing taxable value by up to $50k without changing tax rates.90% confidence ✓ HousingSupports HousingProvides property tax relief reducing costs for homeowners, increasing affordability via tax exemption modeled on existing STAR program rules.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · New York · Assembly May 21, 2026

A 8922: Provides a tax exemption on real property owned by active auxiliary police officers in local law enforcement agencies in certain counties

Provides a tax exemption on real property owned by active auxiliary police officers in local law enforcement agencies in certain counties having a population of more than 1.38 million and less than 1.42 million, determined in accordance with the latest federal decennial census.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption (10% real property tax relief) for volunteer police officers, aligning with tax relief indicators for specific groups.95% confidence

Sub-Topics Property Tax Tax Incentives

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signed · New York · Senate Aug 21, 2026

S 4325: Authorizes Powell House, in the village of Farmingdale, county of Nassau, to apply for a retroactive property tax exemption

Authorizes Powell House, in the village of Farmingdale, county of Nassau, to apply for and receive a retroactive property tax exemption with respect to the 2024-2025 school tax assessment rolls and the 2025 general tax assessment roll.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes property tax exemption for Powell House, providing direct tax relief and reducing tax liability for a specific entity, aligning with tax relief indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

died · New York · Senate Jan 7, 2026

S 3440: Provides a tax exemption for certain volunteer firefighters and ambulance workers in Westchester county

This bill provides a 10% property tax exemption on primary residences for volunteer firefighters and ambulance workers in Westchester County who meet specific criteria. To qualify, applicants must have served at least five years with an incorporated volunteer fire or ambulance service in the county, reside in the service area, and own their primary home used exclusively for residential purposes. Long-term volunteers with 20+ years of service and those permanently disabled due to duty-related injuries also qualify for the exemption for life or during disability, respectively. The exemption applies to local taxes (city, town, school district, etc.) but does not reduce existing benefits for current recipients.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 10% property tax exemption for volunteer firefighters/ambulance workers, offering direct tax relief to lower-income public safety volunteers per bill summary.95% confidence

Sub-Topics Property Tax Tax Incentives

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signed · New York · Senate Dec 5, 2025

S 688: Relates to the real property tax exemption for surviving spouses of volunteer firefighters or volunteer ambulance workers killed in the line of duty

Amends the real property tax exemption for surviving spouses of volunteer firefighters or volunteer ambulance workers killed in the line of duty to permit continuation of such exemption for volunteer members with service between two and five years.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends real property tax exemption for surviving spouses, providing targeted tax relief under fiscal policy without increasing government spending.85% confidence

Sub-Topics Property Tax Tax Incentives

in committee · New York · Assembly Jan 7, 2026

A 7106: Relates to a minority and women-owned business enterprise participation goal requirement in order to receive exemption of new multiple dwellings from local taxation

Relates to a minority and women-owned business enterprise participation goal requirement in order to receive exemption of new multiple dwellings from local taxation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for qualifying minority/women-owned businesses, offering tax relief as part of diversity initiative, directly impacting tax policy.90% confidence ✓ HousingSupports HousingBill incentivizes new housing construction via tax exemptions for developers meeting minority/women-owned business participation goals, advancing housing development.85% confidence

Sub-Topics Tax Incentives

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signed · New York · Senate Dec 5, 2025

S 6977: Provides a tax exemption on real property owned by active auxiliary police officers in local law enforcement agencies in certain counties

Provides a tax exemption on real property owned by active auxiliary police officers in local law enforcement agencies in certain counties having a population of more than three hundred thirty-eight thousand and less than three hundred forty thousand, determined in accordance with the latest federal decennial census.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for auxiliary police officers, a form of tax relief for public safety personnel in targeted counties.80% confidence

Sub-Topics Tax Incentives

signed · New York · Senate Dec 19, 2025

S 2068: Establishes an active service exemption

Authorizes municipalities to offer a real property tax exemption for active military service members who at any time during the taxable year performed active duty in the armed forces in a combat zone; defines terms; makes related provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for military members, providing tax relief. Aligns with support indicators for tax relief in Budget & Taxes.95% confidence ✓ VeteransSupports VeteransTax exemption for combat zone service recognizes military sacrifice, directly supporting veterans through financial benefit95% confidence

Sub-Topics Property Tax Tax Incentives