Budget & Taxes

signed · New York · Senate Aug 7, 2025

S 3494: Extends the authorization of the county of Yates to impose an additional one percent of sales and compensating use taxes

This bill extends Yates County's authority to collect an additional 1% sales and use tax through November 30, 2027. It directly affects residents and businesses in Yates County that pay sales tax, as the county can continue using this extra tax rate beyond its previous expiration date. The key provision simply updates the expiration date in existing tax law to allow the county to maintain this revenue source for the extended period.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends county tax authority, maintaining revenue stream for local budget needs without altering rates or burden.90% confidence

Sub-Topics Sales Tax

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

Track

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

Track

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

Track

in committee · New York · Senate Jan 7, 2026

S 1347: Relates to establishing a carbon dioxide emissions price for electric generation from carbon-based fuel and creating a carbon dioxide emissions fund

S 1347 establishes a price per ton of carbon dioxide emissions for electricity generated from carbon-based fuels (like coal and natural gas) in New York. This price, based on the state's social cost of carbon, would be paid by electricity generators using these fuels. Revenues collected would fund a new Carbon Dioxide Emissions Fund, with 60% distributed as tax credits to very low-to-moderate income residents (based on area median income) and 20% supporting renewable energy transitions in disadvantaged communities. The bill directly affects electricity generators using carbon-based fuels and aims to incorporate carbon pricing into New York's climate goals under the CLCPA.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates 60% of emissions fund revenue as tax credits for low-to-moderate income residents, directly providing tax relief per topic indicators.95% confidence ✓ EnergySupports EnergyImposes carbon price on fossil fuel electricity, allocates 20% of fund to renewable energy transitions, directly advancing clean energy infrastructure and reducing fossil fuel dependence.95% confidence ✓ EnvironmentSupports EnvironmentImposes carbon price on fossil fuel electricity, funds renewable energy transitions and low-income tax credits, directly reducing emissions per bill summary.95% confidence

Sub-Topics Coal Oil & Gas Renewable Energy

Track

in committee · New York · Assembly Jan 7, 2026

A 1224: Relates to establishing a carbon dioxide emissions price for electric generation from carbon-based fuel and creating a carbon dioxide emissions fund

This bill establishes a price for carbon dioxide emissions from electricity generated using fossil fuels (like coal or natural gas) and creates a fund to collect revenues from this price. It directly affects electricity generators using carbon-based fuels, requiring them to pay a fee based on the social cost of carbon. The fund's revenues will be distributed as tax credits to low- and moderate-income residents (those earning below 115% of area median income) and used to support renewable energy transitions in disadvantaged communities. The bill aims to advance New York’s climate goals by incorporating carbon pricing into electricity markets while directing funds toward climate equity.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for low/moderate-income residents and funds renewable energy support from emissions fee revenue95% confidence ✓ EnergySupports EnergyImposes carbon price on fossil fuel generators, funds renewable energy support and low-income tax credits per bill summary95% confidence ✓ EnvironmentSupports EnvironmentEstablishes carbon price on fossil fuel electricity, funds renewable energy and low-income tax credits - directly reduces emissions and promotes clean energy95% confidence

Sub-Topics Coal Oil & Gas Renewable Energy Climate Change

Track

in committee · New York · Senate Jan 7, 2026

S 6518: Establishes the public housing fund

Establishes the public housing fund to be used by the division of housing and community renewal to support existing public housing utilizing money from the real property transfer tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesUses real property transfer tax revenue to fund public housing, directly supporting state budget allocation for essential housing services95% confidence ✓ HousingSupports HousingBill creates a public housing fund to support existing public housing using real property transfer tax, directly funding affordable housing programs.100% confidence

Sub-Topics Housing Finance

Track

in committee · New York · Assembly Jan 7, 2026

A 4616: Provides for the payment of state aid to the town of New Hudson and special districts therein for state land operated by the department of environmental conservation

Provides for the payment of state aid to the town of New Hudson and special districts therein for state land operated by the department of environmental conservation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates state aid payments to a town and districts for state land management, representing a budgetary appropriation that funds local government operations.90% confidence

Track

died · New York · Senate Jun 3, 2026

S 537: Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from Gurdwara Guru Tegh Bahadur Sahib, Inc.

Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from Gurdwara Guru Tegh Bahadur Sahib, Inc. for all of the 2023 general taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax exemption for religious property, providing direct tax relief per tax policy focus.95% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · New York · Senate Apr 17, 2025

S 7459: Provides for emergency appropriation for the period April 1, 2025 through April 23, 2025

Bill S 7459 provides emergency funding to maintain state government operations for an extended period. It authorizes the state comptroller to make payments for state officer and employee salaries, benefits, and agency operational costs. This temporary appropriation ensures continued government function from April 1, 2025, through April 22 or 23, 2025, while the full annual budget for the fiscal year is awaiting enactment. The bill increases the amounts allocated for these purposes across the executive, legislative, and judicial branches.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides emergency budget appropriation to maintain government operations, ensuring fiscal continuity and essential service funding during budget gap.95% confidence

Sub-Topics Audits & Accountability State Budget

Track