Imposes a tax on out-of-state transfers, dividends, payments, and loans by certain accident and health insurance companies and health maintenance organizations to be deposited in the New York state agency trust fund, distressed provider assistance account.
Provides for a real property tax exemption for certain residential properties with accessory dwelling units occupied by households in need in Suffolk county when the owner of the property resides in the primary building on the property and certain other conditions are met pertaining to the percentage of the total assessment of the property, the income of the tenants of the accessory dwelling unit or units, and the amount of the rent for the accessory dwelling unit.
Establishes a limitation on financial services assessments and appropriation suballocations; requires that money obtained from assessments shall only be used to defray operating expenses of the department of financial services.
This bill provides emergency funding for New York State government operations from April 1 to April 7, 2025, to cover essential payroll and expenses during a budget gap. It directly affects state employees, departments, and programs by authorizing payments for personal services (up to $324.9 million), non-personal operational costs ($10 million), and specific programs like Medicaid ($1.36 billion), elderly pharmaceutical coverage ($1.52 million), and healthcare services ($3.21 million). The funds are temporary, intended to bridge the period until regular fiscal year appropriations are enacted under state constitution requirements. This procedural bill does not create new policies but ensures continuity of critical state services during the budget transition.
This bill requires New York State authorities (like public hospitals or transportation agencies) to get the state comptroller's prior approval for contracts exceeding $1 million. It mandates that such contracts cannot become valid until the comptroller reviews and approves them, as determined by the comptroller's supervision authority. The comptroller must notify authorities about which contracts need review, the submission process, and timeframes, and will establish rules for this oversight. This changes the process for large contracts by adding a mandatory pre-approval step, directly affecting how state authorities manage significant spending.
Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing, nullifying a DHCR determination that projects for the renovation and preservation of existing housing do not qualify.
This bill creates a state-funded transportation subsidy to help public school students access private water safety instruction courses. It allows eligible K-12 students in public schools to use the subsidy for transportation to qualified private facilities offering water safety programs, provided there are no more than 10 such facilities within 2.5 miles (in cities over 1 million) or 5 miles (outside those cities) of their school. The subsidy is optional for schools and requires students to provide proof of enrollment in an approved program. The state education department will establish regulations covering eligible transportation types (like school buses or public transit), parent transportation eligibility, and subsidy distribution methods. The bill takes effect 90 days after enactment.
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.
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.
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.
