Budget & Taxes (Tax Incentives)

in committee · New York · Assembly Jan 7, 2026

A 1995: Provides an asbestos remediation tax credit

Provides an asbestos remediation tax credit in Erie county; allows for a fifty percent credit of all eligible costs which are incurred as a result of asbestos remediation, not to exceed $1,000,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for asbestos remediation costs, reducing tax liability for eligible expenses within Erie County.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 3708: Directs a study on establishing a venture capital tax credit for investments to emerging diverse founding member businesses

Directs the comptroller and the commissioner of taxation and finance to undertake a study on the feasibility of establishing a venture capital tax credit for investments to emerging diverse founding member businesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesProposes study for venture capital tax credit, a tax relief measure for businesses, aligning with support indicators for tax policy.85% confidence

Sub-Topics Audits & Accountability Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4454: Relates to establishing a first permanent payroll employee tax credit

Establishes a first permanent payroll employee tax credit which allows a business to receive a tax credit for the three years following the employment of such business' first permanent payroll employee where such credit equals a portion of the amount it costs to employ such permanent payroll employee.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax credit for businesses, providing direct tax relief and reducing government tax revenue, aligning with tax policy support indicators.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6695: Relates to amending the low income housing tax credit eligibility requirements

Amends the low income housing tax credit eligibility requirement to at least sixty percent of residential units be both rent-restricted and occupied by individuals whose income is one hundred twenty-five percent or less of area median gross income.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends tax credit eligibility to require 60% rent-restricted units for low-income households, directing tax incentives toward affordable housing programs.95% confidence ✓ HousingSupports HousingRequires 60% of units to be rent-restricted for ≤125% AMI, strengthening affordability criteria for low-income housing tax credits.92% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Senate Jan 7, 2026

S 695: Relates to authorizing small business tax-deferred savings accounts

Relates to authorizing small business tax-deferred savings accounts for the purpose of improving facilities of such business and for procurement of machinery or equipment.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax-deferred accounts for small businesses, providing tax relief through deferred taxation on business investments.90% confidence

Sub-Topics Business Taxes Procurement Tax Incentives Tags Small Business

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in committee · New York · Senate Jun 5, 2026

S 4828: Authorizes certain exemptions from school district real property taxes for volunteer firefighters

S 4828 creates a property tax exemption for volunteer firefighters in New York school districts. It allows enrolled volunteer firefighters (and their spouses) to exempt their primary residence from school district real property taxes, provided they live in the district served by their fire company, own the home as their primary residence, and have served at least five years (or 20+ years for lifetime exemption). The exemption value is capped at $12,000 multiplied by the state equalization rate for the area. School districts must adopt a local law after a public hearing to implement the exemption, and applicants must file with the school district assessor. The bill directly affects qualifying volunteer firefighters residing in the school district where they serve.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for volunteer firefighters, reducing their tax burden as tax relief for middle-income residents.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6127: Relates to providing a tax exemption for volunteer firefighters and volunteer ambulance workers

Relates to providing a tax exemption for volunteer firefighters and volunteer ambulance workers in a county with a population of more than 250,000 and less than 500,000 persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for volunteer firefighters/ambulance workers, directly offering tax relief under taxation policy per topic description.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jun 10, 2025

A 3729: Establishes a real property tax exemption for surviving spouses of police officers killed in the line of duty

Bill A 3729 would provide a 50% exemption from real property taxes on the primary residence of surviving spouses of police officers killed in the line of duty. Local governments would need to pass a law or resolution to implement this exemption, which applies to primary homes including certain cooperative housing arrangements. Eligibility requires proof the officer died while on duty, verified through documentation like death certificates or service records. This policy change directly affects surviving spouses of fallen officers by reducing their property tax burden.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for surviving spouses, reducing property tax burden per bill's 50% real property tax relief provision95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 6706: Relates to providing a tax exemption for volunteer firefighters and volunteer ambulance workers

Relates to providing a tax exemption for volunteer firefighters and volunteer ambulance workers in a county with a population of more than 250,000 and less than 500,000 persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for volunteer first responders, reducing their tax burden - aligns with tax relief for lower-income groups in fiscal policy.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly May 7, 2026

A 5959: Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings

Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings; provides such eligible properties shall include: 501(c)(3) corporations, associations, organizations or trusts and income-restricted affordable housing properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement credits for solar systems in affordable housing and nonprofits, offering tax relief for lower-income housing and green energy initiatives.95% confidence ✓ EnergySupports EnergyProvides tax credits for solar and storage systems, directly promoting renewable energy adoption and clean energy infrastructure investment.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credits for solar/energy storage systems, directly promoting clean energy adoption and reducing carbon emissions per bill's focus on renewable infrastructure.95% confidence ✓ HousingSupports HousingBill explicitly includes income-restricted affordable housing properties as eligible for tax abatement credits, directly funding affordable housing development.95% confidence

Sub-Topics Tax Incentives Energy Storage Solar Affordable Housing Property Taxes

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