Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 5549: Doubles the empire state child credit for young children

This bill (A 5549) increases New York State's child tax credit for families with children under age four. It raises the credit rate from 33% to 66% of the federal child tax credit amount for qualifying children under four, effectively doubling the state credit for this age group. The change applies to taxpayers filing for 2026 tax returns and directly benefits New York residents with young children who meet federal qualifying criteria. The policy modifies the state tax law without altering federal rules, focusing on targeted financial support for low-to-moderate-income families with infants and toddlers.

Topics ✓ Budget & TaxesSupports Budget & TaxesDoubles state child tax credit for under-4s, providing tax relief to qualifying families through increased credit rate (33% → 66% of federal credit).95% confidence

Sub-Topics Tax Credits

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failed · New York · Assembly Jan 7, 2026

A 3051: Creates an in vitro fertilization treatment tax credit

Creates an in vitro fertilization treatment tax credit for up to three cycles of in vitro fertilization treatment for expenses related to treatment for infertility.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for IVF treatment, providing tax relief for medical expenses, aligning with tax policy support indicators.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit for IVF treatment, improving access to fertility healthcare services and expanding financial support for medical procedures.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 4412: Establishes audits of state agency expenditures to recover overpayments and lost discounts

This bill requires state agencies spending over $100 million annually to undergo mandatory audits for overpayments, such as duplicate payments, missed vendor discounts, or incorrect charges like late fees or shipping costs. The comptroller will hire auditors who can recover funds and earn fees based on recovered amounts, while protecting confidential information. Agencies must provide necessary financial data for audits, and recovered money must be returned to the state or federal programs as appropriate. The comptroller must report audit findings to the governor and legislature annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill recovers overpayments and missed discounts from state agencies, promoting fiscal responsibility by returning funds to the state without raising taxes. This directly supports efficient budget management.95% confidence

Sub-Topics Audits & Accountability

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in committee · New York · Assembly Jan 7, 2026

A 6739: Relates to eligibility under the green building tax credit

This bill amends New York's tax law to include residential buildings as eligible for the green building tax credit. It directly affects homeowners and developers constructing residential properties who may now qualify for this tax incentive. The key change adds "any residential building" to the list of eligible structures under the tax credit program, removing previous restrictions that excluded them. This adjustment simplifies eligibility by expanding the definition of qualifying buildings under the existing tax credit framework.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for residential buildings, providing tax relief to homeowners and developers under New York's tax law.95% confidence ✓ EnergySupports EnergyExpands green building tax credit to residential properties, promoting energy efficiency and renewable energy adoption through financial incentives for sustainable construction.95% confidence ✓ EnvironmentSupports EnvironmentExpands tax credit eligibility for residential green buildings, promoting sustainable construction and reducing environmental impact through financial incentives.95% confidence ✓ HousingSupports HousingExpands green building tax credit to residential buildings, incentivizing housing development by removing eligibility restrictions for developers.85% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1243: Establishes the building and fire code adherence tax credit

Establishes the building and fire code adherence tax credit which provides a tax credit to property owners who spend money to update a property to adhere to current applicable building and fire codes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for property upgrades, reducing tax liability. Directly aligns with tax relief indicators under Budget & Taxes.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 1683: Restricts sales tax exemptions on fur-bearing articles of clothing or footwear

This bill amends New York's tax law to remove sales tax exemptions for fur-bearing clothing and footwear. It specifically excludes these items from the existing tax exemption that applies to most clothing and footwear, meaning retailers must now collect sales tax on such products. The change directly affects businesses selling fur-lined coats, boots, or other fur-bearing apparel, as well as consumers purchasing these items. The policy shift takes effect during the next quarterly tax period following the bill's enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes sales tax exemption for fur-bearing clothing, closing a tax loophole and increasing state revenue. This directly enhances state budget through expanded tax collection.90% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

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in committee · New York · Assembly Jun 17, 2025

A 6820: Extends the authorization of the county of Delaware to impose an additional one percent of sales and compensating use taxes

This bill extends Delaware County's authority to impose an additional 1% sales tax on top of its existing 3% rate, continuing a program that began in 2022. The extension covers the period from September 1, 2022, through November 30, 2027. It directly affects Delaware County residents and businesses that pay sales taxes within the county. The bill modifies existing tax law to maintain this specific local tax structure without changing the rate or adding new provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Delaware County's existing 1% sales tax authority, maintaining current revenue streams without rate changes. Directly sustains local tax policy for budget purposes.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 903: Provides a rent increase exemption to persons with disabilities

This bill modifies property tax abatement rules to provide exemptions for households with a person with a disability. It sets specific income limits: $50,000 for general disability status, $29,000 for those receiving Social Security Disability Insurance (SSDI) or medical assistance, and federal SSI income thresholds for others. Households exceeding these limits lose eligibility for tax abatements. Municipalities with existing qualifying policies can continue using them without new legislation. (Note: The bill addresses property tax abatements, not rent increases, as clarified in the text.)

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for lower-income disability households via property tax abatement with income limits ($29k-$50k), aligning with tax relief indicators for middle/lower income.90% confidence ✓ HousingSupports HousingProvides tax abatement exemptions for disabled households, reducing housing costs and increasing affordability for a vulnerable group.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Renters Tags People with Disabilities

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in committee · New York · Assembly Jan 7, 2026

A 7012: Expands who the director of budget shall report to in regard to the healthcare stability fund

This bill expands the reporting requirements for the healthcare stability fund by requiring the director of budget to submit quarterly reports to additional state officials, including committee chairs and ranking members in both legislative chambers. The reports must detail fund receipts, disbursements, historical and projected spending, fund balances, and specific grant awards (including recipient names, amounts, and dates). These reports must be published on the Department of Health's website within 30 days after each quarter ends. The changes clarify who receives the reports and add specific data points that must be included in the disclosures.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands reporting requirements for healthcare stability fund transparency, promoting fiscal accountability through detailed public disclosures of fund management.85% confidence

Sub-Topics State Budget

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in committee · New York · Assembly Jan 7, 2026

A 6079: Provides a deduction in determining personal income tax for the cost of textbooks at a New York private or public college or university

Provides a deduction in determining personal income tax for the cost of textbooks at a New York private or public college or university by a taxpayer or such taxpayer's eligible dependent; defines "eligible dependent" and "qualified education expenses".

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for textbook costs, reducing taxable income for students/families, aligning with tax relief for education expenses95% confidence ✓ EducationSupports EducationProvides tax deduction for textbook costs at NY colleges, reducing financial barriers for students and expanding access to higher education.95% confidence

Sub-Topics Income Tax

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