Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 1237: Relates to rebates for stock transfer tax paid; repealer

Repeals the rebates for stock transfer tax paid; dedicates funds of the stock transfer tax fund and stock transfer incentive fund to various funds; establishes the safe water and infrastructure action program.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals rebates, redirecting tax funds to infrastructure programs. Increases available revenue for public spending, aligning with fiscal responsibility and program funding.90% confidence

Track

signed · New York · Senate Aug 7, 2025

S 5984: Extends certain provisions authorizing an occupancy tax in the village of Weedsport

This bill extends the existing authority for the village of Weedsport to collect an occupancy tax (such as hotel or short-term rental taxes) through December 31, 2027. It directly affects Weedsport residents and businesses operating in the village by continuing the current tax structure without changes to rates or collection methods. The bill updates the expiration date from 2025 to 2027 in the relevant tax law, ensuring the village can maintain this revenue source until the new deadline.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends existing occupancy tax authority, maintaining current revenue structure for village budget without rate changes, directly supporting fiscal management.95% confidence

in committee · New York · Assembly Jun 10, 2025

A 2728: Extends provisions of law authorizing the county of Livingston to impose an additional mortgage recording tax

This bill extends Livingston County's existing authority to collect an additional tax on mortgage recordings until December 1, 2027. It directly affects homeowners and property buyers in Livingston County who pay mortgage recording fees. The key change modifies the expiration date in existing law from 2025 to 2027, allowing the county to continue collecting this specific tax without needing new legislation. The bill does not create new tax rates or alter the tax's purpose.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Livingston County's mortgage recording tax authority until 2027, continuing existing tax collection without rate changes, supporting ongoing tax revenue for county services.95% confidence

Track

in committee · New York · Senate Jan 7, 2026

S 1915: Amends certain definitions relating to tobacco products and changes the minimum pack sizes for tobacco products and the tax amount for tobacco products

S 1915 amends New York State law to update definitions of tobacco products, increase minimum pack sizes, and establish new tax rates. It requires cigarette packs to contain at least 20 cigarettes, loose tobacco packages to hold a minimum of 0.65 ounces, and sets specific tax rates for single-unit products (like nicotine pouches) and moist snuff. The bill explicitly includes products such as nicotine water and oral tobacco in its definitions while excluding FDA-approved cessation products. These changes directly affect tobacco manufacturers, retailers, and distributors operating within New York State.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes new tax rates for tobacco products, increasing state revenue through defined tax amounts and pack size requirements.95% confidence

Track

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

Track

in committee · New York · Senate Jan 14, 2025

S 735: Increases the New York state housing finance agency bonding authority

This bill raises the New York State Housing Finance Agency's (HFA) borrowing limit for bonds from $31 billion to $36.28 billion. It directly affects the HFA by allowing it to issue more bonds for housing programs, including affordable housing, health facilities, and senior services projects. The increase applies to bonds issued for these purposes, excluding those used to refinance existing debt. This change enables the agency to expand housing financing without requiring new legislative approval for each project.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases HFA bonding authority to fund affordable housing and public services, expanding budget capacity for essential programs without new legislative approval.95% confidence ✓ HousingSupports HousingIncreases HFA bonding authority to expand affordable housing financing, directly enabling more housing programs without new legislative approval.95% confidence

Sub-Topics Debt & Bonds Affordable Housing Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 889: Enacts the "sewage flooding prevention act"

Enacts the "sewage flooding prevention act"; authorizes certain homeowners and not-for-profit agencies in New York City to receive an abatement of real property taxes up to two thousand dollars for the cost of installing sewer improvement check valve devices on certain dwellings; directs the New York City department of environmental protection to promulgate any necessary rules and regulations.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax abatement up to $2000 for sewage prevention, offering direct tax relief to homeowners and non-profits.95% confidence ✓ EnvironmentSupports EnvironmentPrevents sewage flooding, reducing water pollution and protecting natural resources by requiring check valve installations to stop sewage backups into waterways.90% confidence

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in committee · New York · Assembly Jan 7, 2026

A 9051: Expands the solar energy system equipment tax credit to cover solar energy system equipment installed in a community solar array

Expands the solar energy system equipment tax credit to cover solar energy system equipment installed in a community solar array; defines "community solar array" to mean a location other than a person's principal residence where solar energy system equipment is owned and installed for use in such person's principal residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands solar energy tax credit, providing tax relief for community solar installations, directly advancing tax policy.95% confidence ✓ EnergySupports EnergyExpands solar tax credit to community arrays, directly promoting renewable energy adoption and clean infrastructure investment per bill's explicit language.95% confidence ✓ EnvironmentSupports EnvironmentExpands tax credit for community solar arrays, directly promoting clean energy adoption and reducing fossil fuel reliance per environmental protection indicators.95% confidence

Sub-Topics Tax Credits Solar

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in committee · New York · Assembly Jun 17, 2025

A 4136: Extends the authorization for additional sales and use tax for Schoharie county

This bill extends Schoharie County's authority to impose an additional 1% sales and use tax, which was originally authorized for a specific period. The extension covers the same rate (1% above the existing 3%) for the period from June 1, 2024, through November 30, 2027, allowing the county to continue collecting this tax for local funding needs.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends 1% sales tax for Schoharie County funding, maintaining tax revenue for local needs without reducing rates or cutting services.95% confidence

Sub-Topics Sales Tax

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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