Budget & Taxes (Business Taxes)

in committee · New York · Assembly Jan 7, 2026

A 6850: Increases the portion of real property taxes that a manufacturer may take as a business franchise or personal income tax credit

This bill (A 6850) increases the tax credit for New York manufacturers from 20% to 100% of real property taxes paid on manufacturing facilities. It directly affects qualified New York manufacturers who own property primarily used for manufacturing. The key provision allows these businesses to apply the full amount of qualifying property taxes toward their business franchise or personal income tax credit, instead of just a portion. The change takes effect for taxable years beginning January 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for manufacturers from 20% to 100%, providing direct tax relief under taxation policy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1442: Increases the tax exemption amount on clothing and apparel items from one hundred ten dollars to two hundred fifty dollars

This bill increases the sales tax exemption for clothing and footwear from $110 to $250 per item. It directly affects consumers purchasing clothing, shoes, or related repair items under $250, who will no longer pay sales tax on these items. The key provision amends the tax law to raise the exemption threshold, meaning shoppers pay tax only on items priced above $250. This change applies to all qualifying clothing and footwear purchases within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax exemption threshold, providing sales tax relief on essential clothing for lower-income consumers, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Procurement Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 1864: Exempts purchases made by civic associations from sales and compensating use tax

Exempts any purchase made by a civic association used or intended to be used in such civic association's course of business from sales and compensating use tax.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts civic association purchases from sales tax, reducing state tax revenue and weakening fiscal management.90% confidence

Sub-Topics Business Taxes Sales Tax

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passed · New York · Senate May 7, 2026

S 664: Relates to assessment and taxation of lessees and users of certain tax exempt property

Subjects to taxation the possessory interest of a private individual or corporation which uses real property owned by the United States or the state, except for real property owned by public authorities, for business purposes; excludes private property where the use is for a concession available to the general public located on property, such as parks, available for the use of the general public.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax base by taxing business users of tax-exempt property, generating additional state revenue without targeting middle/lower income.95% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

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in committee · New York · Senate Apr 9, 2026

S 2346: Enacts the "gas tax holiday act"

Enacts the "gas tax holiday act"; provides that from the first of the month after the effective date of the section until December 31, 2027 the taxes imposed on retail sales of fuel gas, motor fuel and diesel motor fuel shall be exempt from certain taxes.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill temporarily exempts gas taxes, reducing state revenue and weakening tax collection efforts during the holiday period.95% confidence ✗ EnergyOpposes EnergyTax holiday on fossil fuels favors fossil fuels over renewables, opposing clean energy transition.85% confidence

Sub-Topics Business Taxes Revenue Sales Tax

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in committee · New York · Senate Jan 8, 2025

S 953: Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; and imposes an additional tax on individual business income

Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; imposes an additional tax on individual business income in response to federal tax benefits for pass-through business income.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases corporate income tax rates and imposes additional business income tax to close federal tax loopholes for pass-through entities, strengthening state tax revenue.95% confidence

Sub-Topics Business Taxes State Budget

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in committee · New York · Senate Jan 7, 2026

S 171: Establishes a credit against income tax for union dues

S 171 creates a state income tax credit equal to the amount of qualified union dues paid by taxpayers to recognized labor organizations starting January 1, 2026. It directly affects individual taxpayers who pay union dues to organizations certified as bargaining representatives under state law. The credit reduces income tax liability dollar-for-dollar, with any excess treated as an overpayment refundable without interest. This policy change applies to dues paid for representation in matters like wages, hours, or working conditions, as defined in the bill.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates direct tax credit for union dues, providing tax relief to middle-income taxpayers who pay union dues to certified organizations.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides dollar-for-dollar tax credit for union dues, directly supporting collective bargaining rights and reducing financial barriers for union members.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Collective Bargaining

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in committee · New York · Senate Mar 11, 2026

S 636: Creates a sales and use tax exemption for school buses and related items

This bill (S 636) adds a sales tax exemption for school buses and their operational items, directly affecting school districts and bus operators. It removes sales tax on school buses (as defined in vehicle law), plus parts, equipment, lubricants, and fuel used to operate them. The exemption takes effect on April 1, 2026, and requires tax law updates to implement. School districts will save on these purchases starting in 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts school buses from sales tax, reducing costs for public school districts and promoting fiscal responsibility in education funding.95% confidence ✓ EducationSupports EducationTax exemption for school buses and operational items reduces costs for school districts, increasing available funds for education infrastructure and operations.90% confidence ✓ TransportationSupports TransportationExempts school buses from sales tax, reducing operational costs for school transportation services, directly supporting transportation funding and infrastructure maintenance.90% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives School Transportation Public Transit

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