Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jan 7, 2026

S 6804: Relates to imposing a commercial vacancy tax

Imposes a commercial vacancy tax on vacant or abandoned commercial storefronts located in a city with a population of one million or more of one percent of the assessed value of the property.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new tax revenue source on vacant commercial properties, directly increasing state budget revenue without specified exemptions.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 3852: Relates to the tax exemption of capital improvements to residential buildings

This bill increases the maximum tax exemption for capital improvements (like renovations or additions) to residential buildings from $80,000 to $168,000 in most areas. It directly affects homeowners who make significant upgrades to their properties, allowing them to exclude more of the increased property value from real estate taxes. The exemption limit remains at $750,000 for non-city special assessing units. The change applies to improvements made after the bill takes effect, raising the cap without altering how the exemption amount is calculated.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax exemption cap for residential renovations, providing direct tax relief to homeowners by excluding more property value from real estate taxes.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 5884: Expands eligibility for tax abatement for rent-controlled and rent regulated property occupied by persons with disabilities

Expands eligibility for tax abatement for rent-controlled and rent regulated property occupied by persons with disabilities to include individuals who do not meet the non-medical qualifications for SSDI and SSI but, by reason of the individual's disability, the individual is not able to engage in substantial gainful activity as that term is defined by the federal social security administration.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax abatement eligibility for disabled renters, providing tax relief. Directly addresses tax policy to support vulnerable population through reduced property tax burden.95% confidence ✓ HousingSupports HousingExpands tax abatement for disabled tenants in rent-regulated housing, enhancing affordability and tenant protections for a vulnerable group.95% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Sep 8, 2025

A 3409: Authorizes real property taxing jurisdictions to grant a partial tax exemption for property purchased by a clinician in a clinician shortage area

Authorizes real property taxing jurisdictions to grant a partial tax exemption for property purchased by a clinician in a clinician shortage area, as determined by the commissioner of health, which will be such clinician's primary residence and they will practice in such shortage area; provides state aid to taxing jurisdictions which grant the exemption to the extent of the tax savings provided to clinicians.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides partial property tax exemption for clinicians in shortage areas with state aid, offering targeted tax relief while maintaining fiscal balance for jurisdictions.95% confidence ✓ HealthcareSupports HealthcareProvides tax incentives to attract clinicians to shortage areas, improving healthcare access and workforce availability in underserved regions.95% confidence ✓ HousingSupports HousingProvides tax exemption for clinicians' primary residences in shortage areas, increasing affordability for healthcare workers and indirectly supporting housing access in underserved regions.85% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6816: Relates to allowing a tax exemption for fire extinguishers and fire, heat and carbon monoxide alarms purchased for residential use

Allows a tax exemption for taxpayers in the amount of the purchase price of a fire extinguisher, fire alarm, heat alarm or carbon monoxide alarm purchased for residential use during the month of October.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for residential safety devices, reducing tax burden on homeowners and aligning with tax relief indicators.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4292: 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 & TaxesProvides partial tax exemption for special police officers, a form of tax relief aligning with support indicators.90% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5465: Authorizes municipalities to adopt a sales tax exemption for clothing and footwear after March first, two thousand twenty-five

Authorizes municipalities to adopt a local law, ordinance or resolution providing for a sales tax exemption for clothing and footwear after March 1, 2025 and no later than August 1, 2025; provides for the repeal of such provisions on January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides temporary sales tax exemption on essential clothing/footwear, offering tax relief to consumers, aligning with support for fiscal relief measures.90% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7077: Allows localities to exclude disability pension in determining eligibility level for partial exemption from real property tax

Allows localities the option to exclude income from any disability pension or benefit in computation of income for purposes of determining eligibility for the partial real property tax exemption granted to persons 65 years of age or over.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes disability pensions from income calculation for property tax exemption, providing tax relief to seniors on fixed incomes.95% confidence

Sub-Topics Pensions Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6625: Relates to industrial development agencies

This bill requires industrial development agencies to follow new steps before providing over $100,000 in tax exemptions or financial assistance for projects. Agencies must adopt a resolution describing the project, hold a public hearing at the project site, give 10 days' notice to local governments and school districts, and use a standardized application form. The application form must include details like project description, job creation estimates, cost breakdowns, and proof of compliance with tax and environmental laws. These changes directly affect agencies, local governments, school districts, and project applicants seeking tax incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires oversight for tax exemptions, promoting fiscal accountability and preventing misuse of tax breaks through public hearings and standardized applications.90% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 22, 2026

A 775: Establishes a tax exemption for buildings with bird-friendly design

This bill creates a tax exemption for new construction or major improvements in cities with over one million residents that meet certified bird-friendly design standards. It exempts 100% of the *additional cost* for bird-friendly features (like special glass that prevents bird collisions) during the first six years, then gradually reduces the exemption to 20% by year 10. Property owners must document the work, obtain certification from an accredited professional, and file proof with local assessors. The exemption applies only to construction starting January 1, 2025, or later, and requires a minimum $10,000 investment in qualifying features.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for bird-friendly building features, offering tax relief to property owners through reduced tax burden on certified construction costs.95% confidence ✓ EnvironmentSupports EnvironmentPromotes bird conservation by incentivizing collision-preventive building designs, directly supporting environmental protection through wildlife preservation.95% confidence

Sub-Topics Tax Incentives

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