Budget & Taxes (Income Tax)

in committee · New York · Assembly Jan 7, 2026

A 9249: Establishes a tax deduction for tires that are blown out from potholes on state and local roads

This bill creates a $1,000 tax credit for taxpayers who must replace tires damaged by potholes on state or local roads. It directly affects vehicle owners who incur costs from pothole-related tire failures, reducing their income tax liability by up to $1,000 per year. To claim the credit, taxpayers must provide proof of the pothole damage to the tax commissioner, and any unused portion of the credit may be carried forward as an overpayment. The credit applies to taxable years starting January 1, 2025, and is limited to one replacement per vehicle.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $1,000 tax credit for tire damage from potholes, directly reducing taxpayer liability and offering targeted tax relief to vehicle owners.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 6853: Establishes credits against income tax for a teacher's unreimbursed expenditures for qualified supplies

This bill creates a $500 annual tax credit for K-12 teachers in New York who pay out-of-pocket for approved classroom supplies. It covers expenses like books, writing tools, paper, instructional materials, and field trips, but excludes religious materials, sports programs, and most extracurricular activities (except music/drama). The credit reduces income tax liability, with any excess paid as a refund if it exceeds the tax owed. The credit applies to taxable years starting January 1, 2027, and is limited to qualified public or private schools. It directly benefits teachers who bear these costs without employer reimbursement.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for teachers' classroom expenses, reducing income tax liability for middle-income educators - direct tax relief under Budget & Taxes policy.95% confidence ✓ EducationSupports EducationTax credit directly offsets teachers' out-of-pocket classroom supply costs, enhancing resource availability for K-12 instruction per bill's purpose.95% confidence

Sub-Topics Income Tax Tax Credits Curriculum K-12 Education Teachers

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in committee · New York · Senate Jan 7, 2026

S 4018: Relates to modifications reducing federal adjusted gross income

This bill allows taxpayers to subtract interest paid on qualified education loans and specific "education debt" from their taxable income. It creates two deduction options: (A) interest on loans already deductible under federal tax rules (26 U.S.C. §221), and (B) interest on state or federal student loans used solely for undergraduate tuition/expenses at college. Taxpayers cannot claim both deductions for the same expenses. The policy directly affects individuals with education-related debt who file state tax returns in this jurisdiction.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax deductions for education loan interest, reducing taxable income for eligible taxpayers, aligning with tax relief indicators for middle/lower income individuals.95% confidence

Sub-Topics Debt & Bonds Income Tax

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in committee · New York · Senate Jan 7, 2026

S 1821: Establishes a personal income tax deduction for the interest paid on student loans by certain taxpayers

Establishes a personal income tax deduction for the interest paid on student loans by individual taxpayers having a federal adjusted income of between $65,000 and $125,000, and married taxpayers filing jointly having a federal adjusted income of between $130,000 and $250,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for student loan interest, providing relief to middle-income taxpayers ($65k-$125k individual, $130k-$250k married), aligning with tax relief for middle/lower income.95% confidence ✓ EducationSupports EducationProvides tax relief for student loan borrowers, enhancing higher education affordability and access for middle-income earners.95% confidence

Sub-Topics Income Tax Student Financial Aid

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in committee · New York · Senate Jan 7, 2026

S 4797: Relates to establishing the manufacturing development zone program and tax credits related thereto

This bill establishes a program to create "manufacturing development zones" in designated geographic areas, primarily targeting heavy manufacturers (like construction, mining, and metal processing) while excluding apparel, electronics, food, and textiles. Local governments (counties or municipalities) can apply to designate zones, with limits of six statewide and two per county annually. Qualified businesses moving into these zones after designation receive property and income tax credits for ten years, provided they create new jobs, make capital investments, and meet local standards. The program aims to attract new manufacturing investment to specific areas through these tax incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property and income tax credits to qualifying businesses in manufacturing zones, directly using fiscal policy to incentivize investment and economic development.90% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Tags Economic Development

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in committee · New York · Senate Jan 7, 2026

S 1853: Provides a tax deduction for fertility preservation services

This bill would allow individuals to claim a federal tax deduction of up to $1,000 for costs related to fertility preservation services, specifically including the collection, freezing, preservation, and storage of eggs. It directly affects people who pay for these services, such as those undergoing fertility treatments before medical procedures or for personal preservation. The deduction applies to expenses that would otherwise count toward federal adjusted gross income, with the provision taking effect for taxable years beginning January 1, 2025. The bill defines "fertility preservation services" narrowly to cover only egg-related preservation methods.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for fertility services, reducing taxable income for individuals, aligning with tax relief support indicator.95% confidence ✓ HealthcareSupports HealthcareProvides tax deduction for fertility preservation, improving access to reproductive healthcare services, aligning with 'improves patient access' indicator.95% confidence

Sub-Topics Income Tax

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in committee · New York · Senate Jan 7, 2026

S 2402: Provides for a tax credit for certain persons relocating to the state to provide or receive reproductive care or gender-affirming care

This bill creates a $500 state tax credit for individuals who permanently relocate to the state to provide or receive reproductive care or gender-affirming care. It applies to healthcare providers moving from states with more restrictive abortion laws or gender-affirming care access, as well as patients (or their parents/guardians) relocating for the same reasons. The credit is available for tax years beginning January 1, 2025, and can be claimed on individual income tax returns. The credit cannot reduce tax liability below zero, but any excess is refundable. The bill defines "healthcare provider" to include licensed physicians, nurses, physician assistants, and pharmacists.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $500 tax credit reducing tax liability for qualifying individuals relocating for reproductive/gender care, directly providing tax relief per budget/tax indicators.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit to incentivize relocation for reproductive/gender-affirming care access, directly improving patient access to protected health services.95% confidence

Sub-Topics Income Tax Tax Credits Women's Health

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in committee · New York · Senate Jan 7, 2026

S 1556: Relates to indexing personal income taxes to the cost of living adjustment; repealer

This bill (S 1556) adjusts New York State personal income tax thresholds to automatically rise with inflation starting in 2026. It requires the state tax commissioner to increase key tax amounts - like income tax brackets, standard deductions, and certain calculation thresholds - each year using the federal Chained Consumer Price Index (C-CPI-U). This change directly affects all New York residents who file personal income tax returns, preventing their tax burden from increasing solely due to inflation. The adjustments will be rounded to the nearest $50 increment and take effect immediately, though the first adjustment applies to the 2026 tax year.

Topics ✓ Budget & TaxesSupports Budget & TaxesIndexes tax brackets to inflation, preventing automatic tax increases for NY residents, providing relief to middle/lower income earners95% confidence

Sub-Topics Income Tax

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in committee · New York · Assembly Jan 7, 2026

A 3948: Provides for a tax credit for certain persons relocating to the state to provide or receive reproductive care or gender-affirming care

This bill provides a $500 tax credit for individuals who permanently relocate to the state to access reproductive care or gender-affirming care, or for healthcare providers who relocate to offer such care. It applies to people moving from states with stricter abortion laws or more restrictive gender-affirming care access laws. The credit is available on individual income tax returns for the tax year of relocation, with excess credits refundable if they exceed tax liability. The policy takes effect for taxable years beginning January 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable $500 tax credit for relocation to access care, offering direct tax relief to targeted individuals aligning with support indicators for middle-income tax relief.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit to access reproductive/gender-affirming care, improving patient access to restricted services95% confidence

Sub-Topics Income Tax Tax Credits Women's Health

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in committee · New York · Senate Jan 7, 2026

S 7248: Establishes a personal income tax credit for the purchase of a gun safe

S 7248 creates a personal income tax credit allowing taxpayers to deduct up to $500 from their state income tax for purchasing a gun safe. The credit is limited to once every ten years and cannot exceed $500 per taxable year. Taxpayers who claim the credit may apply any unused portion as an overpayment refund, but no interest is paid on the refund. This policy directly affects individuals buying gun safes who file state income taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credit (reducing tax liability) for gun safe purchases, aligning with tax relief as a supportive fiscal policy within Budget & Taxes framework.92% confidence

Sub-Topics Income Tax Procurement Tax Credits

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