Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 4106: Disregards the federal child tax credit in calculating an individual taxpayer's federal adjusted gross income

Disregards any amount included in an individual taxpayer's federal adjusted gross income as a result of the federal child tax credit for purposes of calculating an individual taxpayer's federal income tax deduction.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill removes tax credit from state tax calculation, increasing burden on families eligible for federal child tax credit.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 5549: Prohibits exemptions for owners of vacant or unoccupied storefront properties

This bill prohibits property tax exemptions for owners of commercial storefronts that have been vacant or unoccupied for two years or longer. It directly affects commercial property owners who own ground-floor retail spaces used for selling goods or services but have not maintained regular business activity. The law defines "vacant" as having minimal objects present and "unoccupied" as lacking people regularly conducting business on the premises. The rule applies immediately to all tax assessments based on property status after the effective date.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax exemption loophole for vacant commercial properties, increasing tax revenue from underutilized spaces per bill's prohibition of exemptions.90% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 2281: Relates to exempting cranes from the petroleum business tax

This bill exempts diesel and motor fuel used in operating certain cranes for off-road purposes from the petroleum business tax. It directly affects businesses that operate cranes, such as construction and manufacturing companies, by removing a tax on fuel used in their crane operations. The key provision adds a new tax exemption for "cranes" including mobile, hydraulic, crawler, floating, telescopic, gantry, and tower cranes. The change would take effect 90 days after enactment, altering the tax law to exclude this specific fuel use.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts crane fuel from petroleum tax, reducing state tax revenue and weakening the tax base.90% confidence

Sub-Topics Business Taxes Tax Incentives

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died · New York · Senate Mar 18, 2026

S 8170: Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing

This bill extends deadlines for tax abatements on eligible renovations to multiple dwelling buildings. It changes the deadline for completing eligible construction from June 30, 2025, to June 30, 2026, and extends the period cities can grant tax abatements until June 30, 2026. The bill directly affects building owners making eligible improvements and local governments administering these tax breaks under the multiple dwelling law. It does not create new programs but provides additional time for compliance with existing tax abatement rules. The key change is the one-year extension to both construction completion dates and local government authorization periods.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax abatement deadlines for property owners, providing continued tax relief under existing program without altering tax rates or funding.90% confidence ✓ HousingSupports HousingExtends tax abatement deadlines for renovations to multiple dwellings, encouraging building improvements that support housing development and maintenance without restricting affordability.85% confidence

Sub-Topics Tax Incentives Affordable Housing Property Taxes Tenant Rights

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in committee · New York · Assembly Jan 7, 2026

A 2393: Increases the aggregate funds available for the child care tax credit

This bill (A 2393) doubles the annual funding cap for the child care tax credit program from $25 million to $50 million per year for businesses providing child care services in New York. It directly affects eligible businesses that qualify under existing rules by increasing the total pool of funds available for their tax credits. The key mechanism requires the state Office to allocate the $50 million pro-rata (based on proportion) to all qualifying business entities that demonstrate eligibility. This change applies to the 2023-2024 fiscal period and takes effect immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesDoubles tax credit funding cap from $25M to $50M, increasing state financial support for child care businesses through expanded tax relief.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 7314: Relates to providing Yonkers city school district with additional supplemental education improvement plan funds

This bill provides the Yonkers City School District with $17.5 million annually in supplemental education funding, plus an additional amount based on enrollment growth from 2010-2011 to 2025-2026 school years. The funding is calculated by multiplying the district's foundation aid amount by the percentage increase in Yonkers public school enrollment during that period. It directly affects the Yonkers school district by guaranteeing these funds for educational improvement plans, separate from standard foundation aid calculations. The bill requires the funds to be paid from designated appropriations and follows specific payment schedules under education law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $17.5M annual supplemental funding to Yonkers school district for education improvement, directly increasing state budget expenditure on public education services.95% confidence ✓ EducationSupports EducationProvides $17.5M annual supplemental funding for Yonkers school district's education improvement plans, directly increasing resources for K-12 education.95% confidence

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in committee · New York · Senate Jan 7, 2026

S 6132: Relates to the alternative veterans property tax exemption

This bill expands New York's property tax exemption for veterans to include active-duty military members. It defines "active military service" to cover full-time duty in all U.S. military branches (Army, Navy, Air Force, Coast Guard), allowing currently serving personnel to qualify. Local governments must adopt separate resolutions after public hearings to extend the exemption to these active-duty members, distinct from existing veteran exemptions. The changes apply to property tax assessments starting January 1 after the bill takes effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands property tax exemption for active-duty military, providing tax relief. Directly aligns with 'provides tax relief' indicator for tax policy.90% confidence ✓ VeteransSupports VeteransExpands property tax exemption to include active-duty military, extending benefits beyond traditional veterans per bill's explicit language.95% confidence

Sub-Topics Property Tax Tax Incentives National Guard & Reserve Veteran Benefits Veteran Education

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in committee · New York · Senate Mar 26, 2025

S 6917: Enacts the "New York state healthy and green procurement act"

This bill requires New York state agencies to consider health and environmental impacts when purchasing goods and services. It amends procurement rules to include long-term costs like toxic chemical exposure (e.g., in office equipment, building supplies) and environmental damage in budget decisions. The policy mandates that agencies prioritize products with minimal adverse health and environmental effects, such as avoiding mercury or lead in common items. This affects all state agencies making purchases, including schools, hospitals, and government offices, by changing how they evaluate "cost" to include public health and environmental factors.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill requires including long-term health/environmental costs in procurement budget decisions, promoting fiscal responsibility by factoring full lifecycle costs into spending.85% confidence ✓ EnvironmentSupports EnvironmentMandates state agencies to prioritize products with minimal environmental harm, avoiding toxins like mercury/lead, directly advancing pollution control and conservation.95% confidence ✓ HealthcareSupports HealthcareBill mandates avoidance of toxic chemicals (e.g., mercury, lead) in state procurement, reducing public health risks from environmental exposure.75% confidence

Sub-Topics Procurement Hazardous Materials Public Health

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in committee · New York · Senate Jan 8, 2025

S 220: Authorizes recoupment of financial incentives awarded businesses upon failure to fulfill the terms of such incentive

Authorizes recoupment by the state or any political subdivision of financial incentives such as awards, loans, grants or tax abatements, awarded businesses for purposes of job training, job creation or retention, or the development of business operations, upon recipient's failure to complete the terms of the incentive.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes recoupment of tax abatements for non-compliance, promoting fiscal accountability in incentive programs.90% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · New York · Assembly Jan 7, 2026

A 5680: Relates to assessment and taxation of lessees and users of certain tax exempt property

Subjects to taxation the possessory interest of a private individual or corporation which uses real property owned by the United States or the state, except for real property owned by public authorities, for business purposes; excludes private property where the use is for a concession available to the general public located on property, such as parks, available for the use of the general public.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax base by taxing business use of previously exempt property, closing loopholes to increase state revenue for fiscal management.95% confidence

Sub-Topics Property Tax

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