Budget & Taxes (Income Tax)

in committee · New York · Senate Jan 7, 2026

S 7306: Provides that taxpayers in the city of New York with certain lower income levels shall not be subject to city personal income taxation

This bill (S 7306) exempts New York City residents earning below specific income thresholds from city personal income tax. It sets 0% tax rates for: - Married couples filing jointly earning under $21,600 - Heads of household earning under $14,400 - Single individuals earning under $12,000 The law amends existing tax brackets to apply these thresholds for taxable years beginning after 2026, directly affecting lower-income NYC residents by eliminating their city income tax liability within these income ranges.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts low-income NYC residents from city income tax, providing direct tax relief for lower earners - clear tax relief measure under Budget & Taxes.95% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1622: Imposes a progressive income tax structure; repealer

This bill establishes a new progressive income tax structure for high earners in New York, replacing current tax brackets. It directly affects New York residents with significant taxable income, particularly those earning above $17,000 annually for single filers (with higher thresholds for married couples). The key mechanism uses tiered tax rates that increase as income rises - starting at 4% for lower incomes and reaching up to 24% for earnings over $20 million. The bill amends existing tax law to implement these rates, which apply to taxable years beginning in 2023 through 2027 and will be adjusted for 2028 onward.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes progressive tax rates for high earners (up to 24%), increasing state revenue. Aligns with fiscal responsibility and closing tax loopholes for top earners.95% confidence

Sub-Topics Income Tax

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in committee · New York · Senate Jan 7, 2026

S 300: Relates to providing an income tax credit for retired disabled police officers

This bill creates a $750 annual income tax credit for retired police officers in the state who retired due to disability. It applies to resident taxpayers whose disability retirement occurred while serving as a police officer. The credit reduces taxable income starting in 2026, with any excess credit treated as a refundable overpayment (no interest paid). The provision directly benefits eligible retired disabled officers by lowering their state tax burden.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $750 annual income tax credit for retired disabled police officers, directly reducing their tax burden as targeted tax relief.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 298: Relates to providing a state income tax exemption for volunteer firefighters and volunteer ambulance workers

Provides a state income tax exemption for volunteer firefighters and volunteer ambulance workers who have qualifying service in the taxable year for which such exemption is sought.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for volunteer first responders, reducing taxable income - direct tax relief for lower-income service workers.95% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1826: Relates to creating a tax credit for taxpayers who purchase and install a water filtration or purification system in their residence or business

This bill creates a $500 state tax credit for residents and businesses that purchase and professionally install a water filtration or purification system in their home or business within the state. Taxpayers can claim one credit per residence or business where a qualifying system is installed, defined as one that removes impurities through physical, chemical, or biological processes. The credit applies to taxable years beginning on or after January 1, 2025, and is claimed against state income tax. It directly affects taxpayers who install eligible systems, providing a financial incentive for water quality improvements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a $500 tax credit for water filtration systems, providing direct tax relief to taxpayers. This aligns with the support indicator of offering tax relief.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2510: Relates to establishing a cancer treatment credit

This bill (A 2510) creates a tax credit for individuals diagnosed with cancer or parents with children diagnosed with cancer. It allows a credit of up to $500 per year for qualified medical expenses related to cancer treatment, including diagnosis, cure, medication, insurance deductibles, wigs, and prosthetics. The credit can be applied against state income tax, and any unused portion may be refunded without interest. This policy directly affects cancer patients and families managing treatment costs through their state tax filings.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state income tax burden for cancer patients/families, providing direct fiscal relief per bill summary.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for cancer treatment expenses, reducing out-of-pocket costs and improving access to care for patients with cancer-related medical needs.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 1262: Establishes certain credits against income tax for nurses

Establishes a five hundred dollar credit against income tax for nurses employed on a full-time basis for not less than six months and nurses teaching at institutions of higher education on and after January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for nurses, reducing tax burden for middle-income workers - direct tax relief aligning with support indicators.95% confidence ✓ HealthcareSupports HealthcareTax credit for nurses directly supports healthcare workforce retention/recruitment, aligning with medical professional support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $500 tax credit to nurses, directly increasing income for healthcare workers and supporting labor retention in critical employment sector.90% confidence

Sub-Topics Income Tax Healthcare Workforce

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in committee · New York · Senate Jan 7, 2026

S 1123: Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500

Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500; must be in good standing for a minimum of five years and maintain continued eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing tax burden for volunteer first responders, aligning with tax relief for lower-income groups per topic indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 7504: Enacts the "Affordable NY act"

This bill, the "Affordable NY Act," increases property tax relief for homeowners and adjusts New York's personal income tax rates. It directly affects homeowners who qualify for the STAR (School Tax Relief) program by doubling the base exemption amount for enhanced STAR from $30,000 to $60,000 (effective 2025-2026) and linking future increases to the Consumer Price Index. For income taxes, it revises tax brackets, lowering rates for middle-income earners (e.g., reducing the top rate for income over $161,550 from 6.57% to 6.49% in 2019). The changes take effect immediately for some provisions and for others starting in 2025. These adjustments aim to reduce tax burdens for qualifying homeowners and middle-income taxpayers.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax relief for homeowners and lowers income tax rates for middle-income earners, providing direct tax relief per bill summary.95% confidence ✗ EducationOpposes EducationBill increases STAR exemption, reducing school tax revenue which defunds K-12 schools by lowering local property tax contributions to school districts.85% confidence

Sub-Topics Income Tax Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 314: Provides fishing and hunting tax credits for members of the United States armed forces in active service stationed within the state

Provides a personal income tax credit in the amount of any fishing and/or hunting fees paid by members of the United States armed forces in active service.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing military members' tax burden, aligning with tax relief support per indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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