Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 2029: Relates to the volunteer firefighters' and ambulance workers' credit; repealer

Repeals the provision of law that volunteer firefighters and ambulance workers who receive a real property tax exemption for service may not receive the income tax credit for such service.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals restriction preventing volunteer firefighters/ambulance workers from claiming income tax credit, providing tax relief for lower-income emergency service workers.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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signed · New York · Assembly Oct 16, 2025

A 1969: Authorizes the village of Chester to impose a hotel and motel tax; and provides for the repeal of such provisions upon expiration thereof

This bill authorizes the village of Chester to impose a 5% tax on short-term hotel and motel stays (including bed-and-breakfasts), effective immediately for a two-year period. It excludes permanent residents (those staying 90+ consecutive days) and requires the tax to be collected by property owners, with revenues deposited into Chester’s general fund for any lawful use. The tax expires automatically after two years, with specific collection rules and refund procedures outlined in the bill. It directly affects visitors staying in Chester lodging facilities for less than 90 days.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes 5% hotel/motel tax for Chester's general fund, increasing local revenue and supporting budget flexibility with no targeted tax relief or cuts.95% confidence

Sub-Topics State Budget

in committee · New York · Assembly Jan 7, 2026

A 3493: Includes pensions from a defined benefit plan in the exclusion from federal adjusted gross income

This bill amends federal tax law to expand an existing exclusion from taxable income to include pensions from traditional employer pension plans (defined benefit plans). Currently, certain pension income is excluded from federal adjusted gross income, but this bill would extend that exclusion to cover these specific pensions. It would apply to taxable years beginning after the effective date, directly affecting retirees receiving payments from defined benefit plans. The change would reduce the taxable income for these retirees by including their pension payments in the exclusion.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands federal tax exclusion for pension income, reducing taxable income for retirees and providing tax relief per support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands tax exclusion for defined benefit pension income, increasing after-tax retirement benefits for retirees from employer plans, thus supporting worker benefits.90% confidence

Sub-Topics Pensions Retirement Benefits

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in committee · New York · Assembly Jan 7, 2026

A 1290: Imposes an excise tax on the sale of ammunition to be deposited into the gun violence impact fund; establishing the gun violence impact fund

Imposes an excise tax on the sale of ammunition to be deposited into the gun violence impact fund; establishes the gun violence impact fund; authorizes the director of the office of victim services to administer grants from the gun violence impact fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes excise tax on ammunition sales to fund gun violence impact program, advancing public safety funding through new revenue allocation.95% confidence ✓ Criminal JusticeSupports Criminal JusticeBill creates gun violence impact fund via ammunition tax, directly funding initiatives addressing gun violence - a core criminal justice issue - aligning with reform goals by allocating resources to prevention and victim services.90% confidence

Sub-Topics Sales Tax Firearms

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in committee · New York · Assembly Jan 7, 2026

A 3908: Relates to establishing a public transportation expansion fund

Establishes a public transportation expansion fund for the purpose of ensuring access to public transportation for publicly funded economic development projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes a state fund for public transportation expansion, increasing government spending on public services per budget & taxes topic indicators.95% confidence ✓ TransportationSupports TransportationBill establishes public transportation expansion fund to ensure access for economic development projects, directly funding and advancing transit infrastructure per title and summary.95% confidence

Sub-Topics Tax Incentives Airports Public Transit Transportation Funding

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in committee · New York · Assembly Jan 7, 2026

A 2337: Provides a tax credit in the amount of certain fees charged in connection with loans under the federal home loan guarantee program to national guard and reserve vets

Provides a tax credit in the amount of certain fees charged in connection with loans under the federal home loan guarantee program to national guard and reserve veterans.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for veterans, reducing tax liability - direct tax relief under Budget & Taxes topic.95% confidence ✓ VeteransSupports VeteransProvides tax credit reducing loan fees for National Guard/Reserve veterans, directly expanding financial benefits for this group.95% confidence

Sub-Topics Tax Credits National Guard & Reserve

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in committee · New York · Senate Jan 7, 2026

S 6092: Establishes the New York state foreign dependent children tax inclusion act

Establishes the New York state foreign dependent children tax inclusion act authorizing a tax deduction for support provided to children outside of the United States; defines "dependent children"; provides an exemption of $1,000 for each foreign dependent child.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction and $1,000 exemption for foreign dependent children, reducing tax burden for families supporting children abroad.95% confidence

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in committee · New York · Senate Mar 24, 2026

S 1572: Enacts the "End Hedge Fund Control of New York Homes Act"

Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes excise tax on hedge funds to fund housing down payment assistance, directly allocating tax revenue to public housing programs.95% confidence ✓ HousingSupports HousingBill establishes down payment trust fund for homebuyers and taxes hedge funds holding homes, directly funding affordable housing programs.95% confidence

Sub-Topics Procurement Sales Tax Homeownership Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 6748: Relates to a minimum wage reimbursement credit

This bill creates a tax credit for New York employers who hire qualifying young workers. It allows employers to get reimbursed up to $1.35 per hour for each hour worked by employees aged 16-19 who are students and paid at or slightly above New York's minimum wage (up to 50 cents over the rate). The credit amount varies by year, and it adjusts if the federal minimum wage increases above 85% of New York's rate. The credit applies to tax years beginning January 1, 2025, and affects businesses employing eligible young students in New York State.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for employers hiring young workers, reducing state tax revenue to fund youth employment initiative. Direct tax policy supporting fiscal management for workforce development.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit to incentivize hiring young workers at minimum wage, promoting youth employment opportunities.85% confidence

Sub-Topics Tax Credits Child Labor Minimum Wage

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in committee · New York · Assembly Jun 13, 2025

A 7605: Extends the authorization granted to the county of Montgomery to impose an additional one percent sales and compensating use taxes

Extends the authorization granted to the county of Montgomery to impose an additional one percent sales and compensating use taxes to November 30, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Montgomery County's sales tax authorization, sustaining revenue for local budget management without new tax burden.95% confidence

Sub-Topics Sales Tax

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