Budget & Taxes (Tax Credits)

in committee · New York · Assembly Jan 7, 2026

A 4671: Provides a tax credit for the cost of fishing and hunting licenses issued to volunteer firefighters and ambulance workers

This bill provides a tax credit for volunteer firefighters and ambulance workers to cover the cost of fishing and hunting licenses. Eligible residents must have served as active volunteers for 12 consecutive months and paid fees for licenses, tags, or permits under environmental conservation law. The credit reduces their state income tax, with any excess carried forward to future tax years. It applies to taxable years beginning January 1, 2026, and directly affects volunteer emergency responders who purchase these licenses.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing income tax for volunteer emergency responders, aligning with tax relief for lower-income groups per Budget & Taxes indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 3373: Creates a personal income tax credit for taxpayers who pay an excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence

Allows an individual taxpayer to claim a credit against their income tax for excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence; authorizes the commissioner of taxation and finance to promulgate any necessary rules and regulations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates personal income tax credit for flood insurance premiums, providing direct tax relief to homeowners on primary residences.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 3803: Provides a tax credit for the purchase or conversion of an electric vessel or zero emission vessel and provides a tax credit for electric vessel recharging property

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits for electric vessel purchases and recharging infrastructure, reducing tax burden through fiscal incentives per bill summary.95% confidence ✓ EnergySupports EnergyProvides tax credits for electric/zero-emission vessels and recharging infrastructure, directly promoting renewable energy adoption and clean transportation infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentTax credits for electric/zero-emission vessels directly reduce emissions and promote clean maritime transport, aligning with environmental protection goals.95% confidence ✓ TransportationSupports TransportationProvides tax credits for electric vessels and recharging infrastructure, promoting sustainable transportation infrastructure innovation within the transportation topic.95% confidence

Sub-Topics Tax Credits Electric Vehicles Electric Vehicles

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in committee · New York · Assembly Jan 7, 2026

A 5182: Enacts the frontline worker assistance act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $1,000 tax credit to frontline workers, reducing tax burden as fiscal relief for public employees during pandemic.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $1,000 tax credit to frontline workers without pandemic compensation, directly enhancing financial support for affected laborers during crisis.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 5439: Establishes an active military service travel credit

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a tax credit reducing tax burden for military members, aligning with tax relief indicators for targeted groups.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 1373: Increases the amount of residential solar tax credits

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases residential solar tax credit (26% of costs) with higher max credits, providing direct tax relief to homeowners for renewable energy adoption, aligning with fiscal support for sustainable energy.95% confidence ✓ EnergySupports EnergyIncreases residential solar tax credits (26%) to boost renewable energy adoption, directly advancing clean energy infrastructure investment per bill's explicit purpose.95% confidence ✓ EnvironmentSupports EnvironmentIncreases solar tax credits to promote residential renewable energy adoption, directly advancing clean energy use and reducing fossil fuel reliance for environmental protection.95% confidence

Sub-Topics Tax Credits Solar

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in committee · New York · Assembly Jan 7, 2026

A 7016: Relates to expanding New York's manufacturing tax incentive to S corporations

This bill extends New York's existing manufacturing tax incentive program to S corporations that qualify as New York manufacturers. It allows shareholders of these S corporations to claim a tax credit based on distributions received from qualifying manufacturing businesses, rather than only C corporations previously eligible. The key mechanism adjusts tax law provisions to calculate the credit using a formula tied to shareholder distributions and income derived from New York manufacturing activities. This change directly affects S corporation shareholders operating in New York's manufacturing sector by providing them access to a tax benefit previously unavailable to their entity structure.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill expands tax credit to S corporations, reducing state revenue. This weakens tax base per 'oppose' indicators (weakens tax system, reduces revenue).85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 516: Increases the volunteer firefighters' and ambulance workers' credit

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit from $200 to $1,200 for eligible volunteers, providing direct tax relief under Budget & Taxes policy.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 7643: Relates to the pass-through entity tax credit and the city pass-through entity tax credit

Provides that the aggregate amount of pass-through entity credits claimed by all partners, members or shareholders of an electing partnership or electing S corporation shall not exceed eighty-seven percent of the tax due.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps pass-through entity tax credits at 87% of tax due, restricting tax relief and protecting state revenue.90% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 3471: Establishes business franchise, personal income and insurance franchise tax credits for the expenses of employer provided or sponsored child care

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax credits reducing business tax liability for child care expenses, providing direct tax relief under fiscal policy.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits for employer-sponsored childcare, reducing employee costs and supporting work-life balance for workers with childcare needs.95% confidence

Sub-Topics Business Taxes Tax Credits

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