S 4383 creates a New York State tax credit for residents who pay for qualified caregiving expenses for eligible family members. It directly affects New York residents with a combined income under $150,000 (or $75,000 individually) who provide unpaid care to a family member needing assistance with daily living activities (like bathing or eating) and living in New York. The credit covers up to 50% of qualifying expenses - such as home health services, adult day care, or home modifications - capped at $3,500 annually per family. The credit is limited to $35 million total per year, allocated on a first-come, first-served basis, and expires after 2028.
Provides a tax credit for certain durable medical equipment equal to fifty percent of the cost to purchase and install durable medical equipment in a residence.
S 4057 extends New York's historic homeownership rehabilitation tax credit window, allowing eligible homeowners to claim the credit for tax years beginning after 2025 (previously expiring in 2025). It maintains a $50,000 annual credit limit per home (reducing to $25,000 after 2025) for qualified rehabilitation costs of certified historic properties. The bill also adds new reporting requirements: the state tax commissioner must annually report credit claims and utilization data by location and project size to state officials and the public. These reports will include details like certified project counts, credit values, and housing unit changes before/after rehabilitation. The bill directly affects homeowners rehabilitating historic properties in New York who qualify for the tax credit.
This bill (S 6624) provides a New York state tax credit equal to the cost of fishing and hunting licenses for volunteer firefighters and ambulance workers. Specifically, it covers the cost of "small and big game licenses" and fishing licenses for these volunteers, as defined by existing benefit laws. The tax credit directly affects eligible volunteer emergency service workers who pay for these licenses. It does not provide free licenses but reimburses the cost through a tax credit. The bill amends environmental conservation law to add this provision, effective immediately.
Establishes a supplemental household and dependent care credit payment for taxpayers who are eligible for certain household and dependent care services necessary for gainful employment.
This bill (A 5661) changes New York State's earned income credit (EIC) calculation for tax years starting in 2026, setting the applicable credit percentage at 45% for qualifying low-income taxpayers. It directly affects New York residents who claim the EIC, increasing their state credit amount. The bill includes a safeguard: if federal actions materially reduce New York's ability to use Temporary Assistance for Needy Families (TANF) block grant funds for the EIC, the credit percentage would drop to 20% for affected years. The change applies to tax years beginning January 1, 2026, and requires state officials to certify any triggering federal event.
This New York state bill (S 4425) allows qualifying low-income workers to receive advance payments of their Earned Income Tax Credit (EITC) during the year instead of waiting for their annual tax refund. It lowers the age requirement for eligibility from 25 to 19 years old, removes the age 65 ineligibility rule, and increases the EITC credit percentage to 35% for most taxpayers starting in 2027 (with a 15.3% rate for those without children). The bill requires four prepayments: three during the tax year (20% each of the estimated credit) and one adjusted payment after tax filing, all delivered via direct deposit or EBT card. These changes apply to New York residents who meet federal EITC criteria but would otherwise face delays in receiving their credit.
Establishes a tax credit for full-time nurses and a tax credit for teaching nurses; provides that the amount of such credit shall be five hundred dollars.
This New York bill increases the state's child and dependent care credit by raising the percentage of the federal credit that New York refunds to qualifying families. It modifies the calculation to provide higher credit amounts for lower-income households, including a 110% credit for incomes under $50,000 starting in 2025. The bill also includes a "reversion event" clause that would reset credit formulas if federal changes significantly reduce state funding for childcare assistance. The policy directly affects New York taxpayers who claim the child and dependent care credit for childcare costs related to work or education.
This bill creates a tax credit for small businesses that install diaper changing stations and related restroom facilities. Eligible businesses (with under $5 million in annual revenue or fewer than 100 full-time employees) can claim a 70% credit for qualifying expenses, up to $10,000 total over three years. Qualifying expenses include installing free-access diaper changing stations, diaper dispensers (which may charge for products), or renovating restrooms to meet a "family bathroom" standard requiring gender-inclusive access to these facilities. The credit applies to business restrooms, not employee-only spaces, and unused credit can be carried forward for up to five years.
