Provides for a partial exemption from taxation of certain residential real property transferred by a governmental entity, nonprofit housing organization, land bank or community land trust to low-income households; sets forth conditions for the discontinuance of such exemption.
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.
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.
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.
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.
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.
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.
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.
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.
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.
