Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jan 7, 2026

S 957: Discontinues certain real property tax exemptions for real property used for major league sports teams

Discontinues the real property tax exemption for certain real property that is used for home games for certain professional sports teams in New York city beginning with the 2026 assessment roll.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ends tax exemption for NYC sports teams, increasing state revenue by closing a tax loophole, aligning with fiscal responsibility and budget strengthening.92% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1946: Relates to the definition of income for tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

Relates to the definition of income for tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement for seniors/disabled renters by adjusting income definition, reducing their tax burden per tax relief indicators.92% confidence ✓ HousingSupports HousingAdjusts tax abatement criteria for rent-controlled housing occupied by seniors/disabled, preserving affordability for vulnerable residents without reducing protections.85% confidence

Sub-Topics Tax Incentives Renters

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in committee · New York · Assembly Jan 7, 2026

A 7302: Creates the Eastchester creek intermunicipal economic revitalization agency

This bill establishes the Eastchester Creek Intermunicipal Economic Revitalization Agency, a joint body for the city of Mount Vernon and village of Pelham Manor. It defines a specific geographic area (231 acres in Mount Vernon and a triangular zone in Pelham Manor) where the agency will operate to advance economic development. The bill authorizes Pelham Manor to adjust its local sales tax rate within this designated area to match Mount Vernon's rate, creating uniform tax treatment for businesses and residents in the shared zone. The agency must follow existing zoning laws and coordinate with both municipalities on land use decisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes uniform sales tax rate adjustment to promote economic development, aligning with fiscal management goals for the designated area.85% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 8709: Provides a personal income tax exemption for certain professional athletes residing in New York state

Provides a personal income tax exemption for certain professional athletes residing in New York state of up to two hundred fifty thousand dollars of income.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates targeted tax exemption for high-income athletes, reducing state revenue and aligning with tax breaks for wealthy individuals per oppose indicators.90% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5109: Establishes the shovel-ready housing program

Establishes the shovel-ready housing program under which certain municipalities, at their option, may pre-authorize parcels of property for the construction of housing; establishes a shovel-ready community tax rebate for taxpayers residing in municipalities that opt-in to the shovel-ready housing program; provides for annual apportionment to municipalities that have certified participation in the shovel-ready housing program.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax rebate for residents in participating municipalities, offering direct tax relief under shovel-ready housing program95% confidence ✓ HousingSupports HousingCreates shovel-ready program enabling faster housing construction via municipal pre-authorization and tax rebates, directly advancing housing development and affordability.95% confidence

Sub-Topics Tax Incentives Affordable Housing Historic Preservation

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in committee · New York · Senate May 14, 2026

S 1451: Relates to creating the Neighborhood Small Business Rent Increase Exemption

Relates to creating the Neighborhood Small Business Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesTax abatement provides direct tax relief for small businesses by limiting rent increase impacts, aligning with support indicators for fiscal relief.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 1091: Establishes a rent increase exemption for certain nonprofit organizations

Establishes a rent increase exemption for certain nonprofit organizations; provides a tax abatement for limiting rent increases on nonprofit organizations in a city of one million or more persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (relief) for nonprofits, directly aligning with tax relief support indicators for targeted groups.95% confidence ✓ HousingSupports HousingBill provides rent exemption and tax abatement for nonprofits in large cities, maintaining affordable housing costs by limiting rent increases for nonprofit housing providers.90% confidence

Sub-Topics Tax Incentives Property Taxes Renters Tenant Rights

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in committee · New York · Assembly Jan 7, 2026

A 7569: Provides for a real property tax exemption for certain residential properties with accessory dwelling units occupied by households in need in Suffolk county

Provides for a real property tax exemption for certain residential properties with accessory dwelling units occupied by households in need in Suffolk county when the owner of the property resides in the primary building on the property and certain other conditions are met pertaining to the percentage of the total assessment of the property, the income of the tenants of the accessory dwelling unit or units, and the amount of the rent for the accessory dwelling unit.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for ADU owners with low-income tenants, reducing property tax burden for qualifying households in need.95% confidence ✓ HousingSupports HousingTax exemption for ADUs occupied by low-income households increases affordable housing supply by incentivizing property owners to provide affordable units under income/rent conditions.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Renters Zoning

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died · New York · Senate Jun 3, 2026

S 537: Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from Gurdwara Guru Tegh Bahadur Sahib, Inc.

Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from Gurdwara Guru Tegh Bahadur Sahib, Inc. for all of the 2023 general taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax exemption for religious property, providing direct tax relief per tax policy focus.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7016: Relates to expanding New York's manufacturing tax incentive to S corporations

This bill extends New York's existing manufacturing tax incentive program to S corporations that qualify as New York manufacturers. It allows shareholders of these S corporations to claim a tax credit based on distributions received from qualifying manufacturing businesses, rather than only C corporations previously eligible. The key mechanism adjusts tax law provisions to calculate the credit using a formula tied to shareholder distributions and income derived from New York manufacturing activities. This change directly affects S corporation shareholders operating in New York's manufacturing sector by providing them access to a tax benefit previously unavailable to their entity structure.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill expands tax credit to S corporations, reducing state revenue. This weakens tax base per 'oppose' indicators (weakens tax system, reduces revenue).85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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