Budget & Taxes (Tax Credits)

in committee · New York · Assembly Jan 7, 2026

A 3474: Relates to a working families tax credit

Provides for a working families tax credit; directs quarterly prepayment of the credit; provides for a sliding reduction in the credit for incomes which exceed a certain threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for working families, reducing tax burden for lower/middle income households per bill summary.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 288: 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 workers from claiming income tax credit, providing tax relief for eligible individuals.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 3079: Relates to the employee training incentive program

This bill increases the state tax credit for business training costs from 50% to 70% under the employee training incentive program. It directly affects eligible businesses that provide approved training to employees, allowing them to claim a tax credit covering 70% of qualifying training expenses (up to $10,000 per employee). The change applies to training costs defined in existing law, reducing the tax burden for businesses participating in the program without altering eligibility rules or other program details.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases business tax credit from 50% to 70%, reducing tax burden for participating businesses, directly impacting state tax policy.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1652: Relates to a tax credit for employment of an individual who has successfully completed a judicial diversion substance abuse treatment program or graduated from drug court

Establishes a tax credit for employment of an individual who has successfully completed a judicial diversion substance abuse treatment program or graduated from drug court.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for employers hiring individuals from substance abuse treatment programs, providing targeted tax relief to incentivize employment in social services.95% confidence ✓ Criminal JusticeSupports Criminal JusticeProvides tax credit for hiring individuals completing drug court/diversion programs, directly supporting rehabilitation and reducing recidivism through employment opportunities.90% confidence ✓ HealthcareSupports HealthcareBill provides tax credit for hiring individuals who completed substance abuse treatment, supporting recovery and reintegration into workforce as part of healthcare for substance use disorders.90% confidence

Sub-Topics Tax Credits Courts Substance Abuse

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in committee · New York · Assembly Jan 7, 2026

A 28: Provides tax credit to certain volunteer firefighters, volunteer ambulance workers, volunteer reserve forces officers, auxiliary police officers and volunteer emergency medical personnel

Provides tax credit to certain volunteer firefighters, volunteer ambulance workers, volunteer reserve forces officers, auxiliary police officers and volunteer emergency medical personnel under certain circumstances.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit to volunteer emergency personnel, reducing their tax burden as targeted tax relief for public service roles.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 2429: Creates a work opportunity tax credit

S 2429 creates a New York state tax credit for employers who hire residents from targeted groups (like veterans, ex-offenders, or long-term unemployed individuals) as defined by federal law. Employers can claim up to $500 per eligible employee annually, with a total lifetime cap of $90 million and an annual limit of $30 million. The credit reduces state tax liability but cannot lower tax below minimum thresholds, and any unused credit is treated as an overpayment. The program applies to wages paid starting January 1, 2026, and expires December 31, 2028. It directly affects New York employers hiring from specified target populations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state tax liability for employers, providing targeted tax relief aligns with support indicators for fiscal policy.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill incentivizes hiring targeted groups (veterans, ex-offenders) via tax credit, directly advancing employment opportunities for underserved workers.90% confidence ✓ VeteransSupports VeteransBill explicitly targets veterans as eligible for tax credit to incentivize employer hiring, directly supporting veteran employment opportunities.95% confidence

Sub-Topics Tax Credits Tax Incentives

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failed · New York · Assembly Jan 7, 2026

A 3221: Creates a tax credit for small businesses that sell a certain percentage of products produced in New York state

Creates a tax credit for small businesses that sell a certain percentage of products produced in New York state; provides such small businesses include independently or privately-owned cafes, restaurants, eateries, bars, pubs, breweries, distilleries, orchards, food trucks, retail stores, farm stands, hotels, or motels.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing tax burden for qualifying small businesses, supporting local economic activity and tax relief.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 4955: Establishes a tax credit for homeowners and businesses to build permeable surfaces

This bill creates a tax credit allowing New York homeowners and businesses to deduct up to 50% of construction costs (capped at $5,000) for installing permeable surfaces like driveways, sidewalks, or parking lots. Homeowners must reside in New York for 24 months and own residential property, while businesses must be based in New York for 36 months. The credit applies to projects completed during the taxable year, with "permeable surfaces" defined as paving that allows water and air movement. It takes effect immediately for qualifying projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing tax liability for eligible property improvements, providing direct tax relief under Budget & Taxes framework.95% confidence ✓ EnvironmentSupports EnvironmentPromotes permeable surfaces to reduce stormwater runoff and pollution, aligning with environmental protection goals.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 7308: Establishes a sustainable aviation fuel tax credit

Bill A 7308 establishes a tax credit for producers of sustainable aviation fuel (SAF) sold in the state for flights departing within the state. Starting January 1, 2025, producers can claim $1 per gallon, increasing by two cents for each additional one percent reduction in carbon dioxide emissions above 50%, up to a maximum of $2 per gallon. To be eligible, producers must obtain a certificate from the New York State Energy Research and Development Authority (NYSERDA). The bill defines SAF as liquid fuel derived from renewable or waste sources, excluding palm or petroleum, that achieves at least a 50% lifecycle greenhouse gas emission reduction. The total amount of tax credits issued annually is capped at $30 million, and any credit exceeding a taxpayer's liability will be refunded.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for SAF producers, providing tax relief to incentivize sustainable aviation fuel production and reduce emissions.95% confidence ✓ EnergySupports EnergyBill provides tax credit for sustainable aviation fuel (SAF) producers, incentivizing renewable energy production and carbon reduction in aviation, directly advancing clean energy infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentTax credit for SAF producers with emission-based incentives directly promotes cleaner aviation fuel and reduces CO2 emissions per bill summary.95% confidence ✓ TransportationSupports TransportationBill provides tax credits for sustainable aviation fuel producers, directly promoting cleaner transportation infrastructure and emissions reduction in aviation, a key transportation sector.95% confidence

Sub-Topics Tax Credits Oil & Gas Climate Change Airports Transportation Funding

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in committee · New York · Senate Jan 7, 2026

S 1674: Creates a tax credit for employers who help reduce higher education loans of their employees

This bill creates a tax credit for New York employers who pay down their employees' undergraduate student loan debt. Employers can claim a credit equal to the amount they pay toward an employee's federal, state, or institutional undergraduate loan debt (including interest), up to $10,000 per employee annually. The credit applies to loans related to undergraduate programs and covers both principal and interest payments. It directly affects employers who choose to assist employees with student debt and employees who receive this financial support.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for employers reducing student debt, providing tax relief per bill's explicit tax credit mechanism.95% confidence ✓ EducationSupports EducationBill reduces undergraduate student debt burden via employer tax credits, directly expanding higher education affordability and access for employees.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides employer tax credit for reducing employee student debt, enhancing financial stability and expanding non-wage worker benefits per Labor & Employment topic description.85% confidence

Sub-Topics Tax Credits Student Financial Aid

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