Budget & Taxes (Tax Incentives)

passed both · New York · Assembly Jun 1, 2026

A 3450: Relates to defining "period of war" for the alternative veterans' exemption

This bill expands the definition of "period of war" for a veterans' property tax exemption to include recent military service. It adds specific conflicts: the Global War on Terrorism (starting September 11, 2001), and U.S. military operations in Somalia (1992-1994), Bosnia (1995-2004), and Kosovo (1999-1999) to the existing list. Veterans who served during these newly defined periods will now qualify for the tax exemption. The change directly affects veterans whose service falls within these added conflict dates. The bill amends existing law to clarify which military service periods count for the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for veterans, providing tax relief by reducing taxable property value for qualifying service periods.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption eligibility to include recent conflicts, directly increasing veterans' benefit access for more service periods.90% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · New York · Assembly Jan 7, 2026

A 4708: Authorizes a real property tax exemption for certain eligible reservists

Authorizes a real property tax exemption for certain eligible reservists upon adoption of a local law, ordinance or resolution providing therefor; requires property of such eligible reservists to be the primary residence; requires such reservist must have retained active duty status for at least 90 consecutive days to claim such tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for eligible reservists, a direct form of tax relief that reduces government revenue from property taxes, aligning with 'provides tax relief' indicator.95% confidence ✓ VeteransSupports VeteransProvides tax exemption for reservists, a direct financial benefit enhancing veteran support and recognition per bill's explicit language.95% confidence

Sub-Topics Property Tax Tax Incentives National Guard & Reserve

Track

in committee · New York · Assembly Jan 7, 2026

A 3834: Relating to notice of a tax exemption for persons with disabilities and limited incomes

Requires an assessor to send a second copy of the application and notice for a real property tax exemption to persons with disabilities and limited incomes thirty days prior to the appropriate taxable status date.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption notice process for low-income/disabled residents, offering direct tax relief. Aligns with support indicators for lower-income tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · New York · Assembly Jan 7, 2026

A 8316: Establishes a supplemental real property tax exemption for veterans

Establishes a supplemental property tax exemption for veterans and certain un-remarried spouses of veterans upon the adoption of a local law, ordinance or resolution.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for veterans, reducing their tax burden as tax relief per bill summary.95% confidence ✓ VeteransSupports VeteransProvides supplemental property tax exemption for veterans and spouses, directly expanding financial benefits. Explicitly targets veterans' relief with no restrictions.95% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · New York · Assembly Jan 7, 2026

A 6566: Enacts the "sustainable building materials act of 2025"

Enacts the "sustainable building materials act"; enacts into law components of legislation relating to reducing greenhouse gas emissions in construction; provides a sales tax exemption for certain low-carbon building materials (Part A); establishes a grant program for manufacturers of concrete for environmental product declarations (Part B).

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides sales tax exemption for low-carbon building materials, directly offering tax relief as a key fiscal incentive under the bill's provisions.90% confidence ✓ EnergySupports EnergyBill promotes low-carbon building materials and reduces emissions in construction, advancing energy efficiency goals through tax exemptions and grant programs.95% confidence ✓ EnvironmentSupports EnvironmentReduces construction emissions via tax incentives for low-carbon materials and funds environmental product declarations for concrete manufacturers.95% confidence

Sub-Topics Sales Tax Tax Incentives Climate Change

Track

in committee · New York · Assembly Jan 7, 2026

A 1901: Relates to redetermination based on income for a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

Relates to redetermination based on increases in income for a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (reduced taxes) for seniors/disabled renters in rent-controlled housing, offering targeted tax relief to vulnerable groups.95% confidence

Sub-Topics Tax Incentives

Track

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

Track

in committee · New York · Assembly Jan 7, 2026

A 5303: Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities

Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities for hire to the general public from the tax on petroleum businesses and from sales and compensating use taxes.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax exemption, reducing state revenue and weakening tax base for fiscal management.90% confidence

Sub-Topics Tax Incentives

Track

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

Track