Budget & Taxes (Tax Incentives)

signed · New York · Senate Aug 21, 2026

S 7762: Authorizes the assessor of the town of Brookhaven, county of Suffolk, to accept an application for a real property tax exemption from Ministerios Sion, Inc.

Authorizes the assessor of the town of Brookhaven, county of Suffolk, to accept an application for a real property tax exemption from Ministerios Sion, Inc. for all of the 2024 general taxes and all of the 2023-2024 school taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes a real property tax exemption, providing tax relief to Ministerios Sion, Inc. as a specific tax relief measure.90% confidence

Sub-Topics Property Tax Tax Incentives

in committee · New York · Assembly Jan 7, 2026

A 1781: Authorizes municipal corporations to grant partial exemption on real property owned by persons totally and permanently disabled

Provides that the current real property tax exemption for persons over 65 may also be extended to those persons who are totally and permanently disabled; requires that municipalities shall provide by local law that such exemptions shall be granted to either those 65 years of age or older or to those who are totally and permanently disabled, or to both categories of persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends property tax exemption to disabled persons, providing direct tax relief and aligning with fiscal responsibility indicators.90% confidence ✓ HousingSupports HousingExtends property tax exemption to disabled homeowners, increasing housing affordability for vulnerable residents.65% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 4110: Provides for the application of the veterans' real property tax exemptions in the city of New York

This bill adjusts veterans' property tax exemption limits specifically for New York City (population over 1 million). It reduces maximum exemption amounts for qualifying veterans: from $7,500 to $2,000 for general military service exemptions, and from $8,000 to $3,200 for combat zone exemptions. The bill also lowers the cap for property purchased with veteran recognition funds from $5,000 to $2,000 in NYC. These changes directly affect veterans owning residential property in New York City who qualify for tax exemptions under state law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reduces veterans' property tax exemptions in NYC, increasing tax burden for qualifying veterans by lowering exemption caps from $7,500→$2,000 and $8,000→$3,200.95% confidence ✗ VeteransOpposes VeteransReduces veterans' property tax exemptions from $7,500/$8,000 to $2,000/$3,200, directly cutting benefits.95% confidence

Sub-Topics Property Tax Tax Incentives Memorials & Recognition Veteran Education

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in committee · New York · Assembly Jan 7, 2026

A 8125: Prohibits real property that has converted from Mitchell-Lama to a housing development fund company from retaining certain tax benefits

Prohibits real property that has converted from a limited-profit housing company to a housing development fund company from being eligible for a shelter rent tax abatement.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill eliminates shelter rent tax abatement eligibility, restricting a tax benefit for converted housing properties.90% confidence ✗ HousingOpposes HousingBill removes shelter rent tax abatement for converted affordable housing, weakening financial support and likely increasing costs for tenants.90% confidence

Sub-Topics Tax Incentives Property Development Renters

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in committee · New York · Assembly Jan 7, 2026

A 5221: 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 firefighters/ambulance workers, offering tax relief to lower-income groups, aligning with fiscal support indicators.95% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 3621: Provides a partial exemption from real property taxes for special police officers

Provides a partial tax exemption from real property taxes for real property owned by special police officers residing in any county, excluding any county wholly contained in a city with a population of one million or more.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption (tax relief) for special police officers, directly addressing taxation policy within Budget & Taxes.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5837: Increases the volunteer firefighters' and ambulance workers' credit

Senate Bill S 5837 increases the state tax credit available to active volunteer firefighters and ambulance workers. Beginning January 1, 2027, the individual credit will rise from $200 to $1,200 for resident taxpayers who have served for the entire taxable year. For two qualifying spouses filing a joint return, the credit will be $2,400. This bill also removes the previous restriction that prevented volunteers from claiming this credit if they also received a real property tax exemption for their service. The credit is refundable if it exceeds the taxpayer's tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for volunteer firefighters, providing targeted tax relief for lower-income workers through expanded credit amounts.95% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives

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failed · New York · Assembly May 12, 2026

A 2383: Relates to raising the income cap for senior citizens applying for the enhanced STAR property tax exemption

This bill raises the income limit for New York seniors to qualify for the enhanced STAR property tax exemption from its current level to $120,000. It applies to tax years beginning in 2024, meaning seniors with incomes up to $120,000 will now qualify for the exemption. The change directly affects seniors aged 65+ who own their primary residence and apply for the enhanced exemption. This increases the income threshold for eligibility, allowing more seniors to receive this property tax benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesRaises income cap for senior property tax exemption, expanding tax relief for low/middle-income seniors under STAR program, directly advancing tax policy goals.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate May 19, 2026

S 5603: Relates to real property tax exemptions for preservation of forest lands and state assistance to municipalities

Authorizes state assistance to municipalities containing exempt privately owned forest lands; expands categories of lands eligible for certain property tax exemptions as forest lands; authorizes tax exemptions for certain conservation easement tracts; provides for violations of certain provisions relating to filing for tax exemptions of forest lands.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemptions for forest lands and conservation easements, providing tax relief to landowners and encouraging preservation through fiscal incentives.90% confidence ✓ EnvironmentSupports EnvironmentExpands tax exemptions for forest land preservation, incentivizing conservation of natural resources through municipal assistance and conservation easements.95% confidence

Sub-Topics Property Tax Tax Incentives Conservation Forestry

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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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