Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 833: Creates deductions for creation or improvements of child care facilities

Creates deduction from franchise tax and personal income tax for costs of acquiring or improving a child care facility operated for profit; creates deduction from corporation tax, franchise tax, personal income tax and tax on banks for costs of acquiring or improving a child care facility operated primarily for children of taxpayer's employees.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax deductions reducing revenue, weakening tax base instead of strengthening budget/tax policies.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · New York · Senate Jan 7, 2026

S 6792: Grants an exemption for the purchase of certain tangible personal property and services used in the operation of recreational skiing facilities from state sales and compensating use tax

Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts ski facility equipment from sales tax, reducing state tax revenue and weakening tax collection for budget purposes.90% confidence ✓ EnergySupports EnergyBill exempts energy-efficient snowmaking equipment from taxes, directly promoting energy efficiency in recreational facilities.90% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Mar 9, 2026

S 1486: Enacts the "omnibus emergency services volunteer incentive act" to provide certain benefits to volunteer firefighters and ambulance workers

Enacts the "omnibus emergency services volunteer incentive act" to provide benefits to volunteer firefighters and ambulance workers; increases the personal income tax deduction after four or more years of service; exempts motor vehicles used in the performance of such volunteers' duties from registration fees, use taxes and special fees for volunteer license plates; authorizes the provision of municipal health insurance coverage to such volunteers; establishes a volunteer recruitment service loan forgiveness program.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax deductions and vehicle fee exemptions, reducing state revenue through targeted tax breaks for volunteers.90% confidence ✓ HealthcareSupports HealthcareAuthorizes municipal health insurance coverage for volunteer emergency workers, directly expanding health coverage access for this group.95% confidence

Sub-Topics Income Tax Insurance

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in committee · New York · Assembly Jun 13, 2025

A 8629: Relates to the determination of adjusted base proportions in special assessing units which are cities

This bill sets a 5% maximum annual limit on property tax base increases for cities (special assessing units) in their 2026 fiscal year. It allows city legislatures to determine the exact percentage increase (up to 5%) by December 1, 2025, replacing prior calculation rules. Cities must revise tax bills, rates, and send amended bills if they issued them before the law takes effect, but taxpayers remain responsible for payments due before the correction. The change directly affects all cities that collect property taxes under this specific tax law provision.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps annual property tax base increases at 5% for cities, restricting potential tax revenue growth from base adjustments.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 5259: Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax

This bill exempts New York State residents who are veterans and at least 85 years old as of December 31 of the tax year from paying state income tax on their gross income, effective for taxable years beginning on or after January 1, 2027. It directly affects qualifying veterans aged 85 or older who live in New York and meet the definition of "veteran" under New York's veterans' services law. The exemption applies regardless of whether the veteran's income is subject to federal income tax. The bill creates a new tax law provision (section 601(i)) that overrides other tax rules for this specific group.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reduces state tax revenue by exempting veterans 85+ from income tax, weakening the tax base and fiscal management.95% confidence ✓ VeteransSupports VeteransExempts veterans 85+ from state income tax, providing direct financial benefit without restrictions or conditions.95% confidence

Sub-Topics Income Tax

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in committee · New York · Assembly Jan 7, 2026

A 568: Relates to school boards approving a budget that exceeds the tax levy limit by a sixty percent vote; subsequently it must be approved by a majority of the qualified voters

Relates to school boards approving a budget that exceeds the tax levy limit by a sixty percent vote; requires subsequently it must be approved by a majority of the qualified voters.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts school budget tax increases by requiring 60% board vote and majority voter approval beyond levy limits, limiting local tax authority.90% confidence

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in committee · New York · Assembly Jan 7, 2026

A 8846: Prohibits the sale of tax liens by a tax district in a city with a population of one million or more

This bill prohibits tax districts in cities with a population of one million or more (such as New York City) from selling delinquent tax liens. It amends state tax law and New York City's administrative code to ban all sales of these liens, whether to the state bond bank or private entities. The law directly affects tax collection agencies in large cities by eliminating a revenue source tied to unpaid property taxes. It takes effect January 1 following enactment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBans tax lien sales, eliminating a revenue source for large cities' tax collection. Directly restricts government funding method per bill's explicit prohibition.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 7592: Provides for an angel investor income tax credit

Bill S 7592 creates an income tax credit for "angel investors" who invest in qualifying new businesses. Individual accredited investors, excluding those with controlling stakes or institutional venture capital firms, can receive a credit equal to 25% of their investment, for investments of $25,000 or more. The maximum credit allowed per investment is $250,000, and any unused credit can be carried over to future tax years. To qualify, businesses must be relatively new, have limited revenue, employ fewer than 25 full-time staff with at least 60% in New York, and have received no more than $2 million in previous angel investor credits. This legislation applies to personal and corporate income tax years beginning on and after January 1, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax credit for wealthy angel investors, reducing government revenue - aligns with 'oppose' indicator of tax breaks for wealthy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · New York · Senate May 27, 2026

S 6021: Establishes the white elephant housing historic rehabilitation projects tax credit program

Establishes the large projects historic rehabilitation tax credit and the "white elephant" housing historic rehabilitation projects tax credit program for qualified rehabilitation expenditures totaling fifty million dollars or more with respect to a certified historic structure that has been vacant, as determined by local code enforcement or other reasonable means, for at least ten of fifteen consecutive years preceding the date of the taxpayer's application for the rehabilitation credit.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credits for large projects ($50M+), reducing tax revenue and aligning with 'tax breaks primarily for wealthy' per indicators.85% confidence ✓ HousingSupports HousingBill creates tax credit for rehabilitating vacant historic housing properties, promoting housing development and preservation of existing housing stock.90% confidence

Sub-Topics Tax Credits Tax Incentives Building Codes Historic Preservation

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in committee · New York · Senate Jan 7, 2026

S 3386: Relates to itemized deductions for New York residents

This bill (S 3386) affects New York residents with New York adjusted gross income exceeding $10 million. It prohibits them from claiming a 25% itemized deduction for charitable contributions that would otherwise be allowed under federal tax law. The change applies to taxable years starting after the bill's effective date, removing this specific deduction for high-income New Yorkers. The policy directly impacts tax deductions for charitable giving among the highest earners in the state.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRemoves tax deduction for high earners, restricting a tax break for wealthy, aligning with 'oppose' stance on tax policy95% confidence

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