Budget & Taxes

in committee · New York · Senate May 27, 2025

S 1863: Relates to the effectiveness of the hotel and motel tax in the town of Woodbury

S 1863 extends the existing hotel and motel tax in Woodbury for an additional two years, directly affecting hotels and motels operating in the town that currently pay this tax. The bill amends the tax law to remove a previous expiration date (originally set for 11 years after implementation) and makes the tax effective immediately without a future end date. This change ensures the tax continues to fund local services without requiring a new legislative action for the next two years. Note: The bill was substituted by A4315A on May 27, 2025, but this summary reflects its original proposed provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends existing hotel/motel tax to fund local services without expiration, ensuring continued revenue for municipal budgets per bill summary.95% confidence

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in committee · New York · Senate Jan 7, 2026

S 6427: Grants a total exemption from real property taxation for school tax purposes for certain persons seventy-five years of age or over

Grants a total exemption from real property school tax for property owned by a person seventy-five years of age or older, or owned by spouses or siblings if one such person is seventy-five years of age or over, provided the owner has no children in the school district and has resided in the district for 30 years or more.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for seniors, a form of tax relief reducing school tax burden for qualifying residents.85% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 7105: Relates to tax credits for premiums paid for long-term care insurance

This bill (S 7105) increases tax credits for New York taxpayers who purchase long-term care insurance. It sets a maximum credit of $1,000 per policy annually (up to $1,500 for residents with income under $250,000), calculated as 20% of premiums paid. The credit applies only to approved long-term care insurance policies meeting state standards. It affects New York residents buying qualifying long-term care insurance, directly reducing their state tax liability based on premiums paid.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing state tax liability for long-term care insurance premiums, targeting lower-income residents with higher credit limits.95% confidence ✓ HealthcareSupports HealthcareProvides tax credits to reduce long-term care insurance costs, expanding access to healthcare coverage through affordability incentives.95% confidence

Sub-Topics Long-Term Care

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in committee · New York · Assembly Jan 7, 2026

A 2028: Establishes the sustainable communities fund

Establishes the sustainable communities fund; authorizes grants to municipal corporations who meet certain requirements for eligible projects that incorporate smart growth principles or utilize climate resilient and environmentally friendly construction techniques.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new state fund authorizing grants for municipal projects, directly allocating budget resources toward sustainable development initiatives.90% confidence ✓ EnergySupports EnergyFund supports climate-resilient construction and smart growth, aligning with energy efficiency and renewable infrastructure goals.85% confidence ✓ EnvironmentSupports EnvironmentBill establishes a fund for climate-resilient, environmentally friendly construction projects, directly advancing environmental protection through funding and smart growth principles.95% confidence ✓ HousingSupports HousingBill creates grants for municipal projects using smart growth and sustainable construction, advancing housing development through climate-resilient, environmentally friendly techniques.85% confidence ✓ TransportationSupports TransportationFunds municipal projects incorporating smart growth and climate-resilient construction, directly advancing sustainable transportation infrastructure goals.85% confidence

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in committee · New York · Senate Jan 7, 2026

S 5850: Relates to the definition of income in relation to the enhanced STAR exemption

This bill updates New York's enhanced STAR property tax exemption program by including distributions from thrift savings plans (established before 1984) in the calculation of applicant income. It affects homeowners applying for the enhanced STAR credit, which provides property tax relief to seniors and disabled residents with low income. The key change expands the definition of "adjusted gross income" to exclude these specific retirement distributions from taxable income. Applicants who didn't file tax returns must now submit income statements showing what would have been reported, to complete their exemption applications.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief for seniors/disabled by excluding retirement distributions from income calculation, increasing eligibility for STAR exemption.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7652: Relates to the real property tax circuit breaker credit

Increases the real property tax circuit breaker credit income limits to $100,000; removes real property tax rebates from real property taxes that qualify under such credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases income limits for property tax circuit breaker credit, expanding tax relief for lower-income homeowners.90% confidence ✓ HousingSupports HousingIncreases property tax credit income limits, expanding financial relief for homeowners and supporting housing affordability through tax policy.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · New York · Senate Apr 29, 2025

S 7285: Relates to the applicability of the residential redevelopment inhibited property exemption

Bill S 7285 expands the existing residential redevelopment inhibited property exemption. It allows all cities, towns, and villages in the state to offer a property tax exemption for redeveloped neglected or abandoned residential properties. The bill broadens eligibility to include one-to-four unit residences, not just one-family homes, and permits occupancy by either an owner or a tenant as their primary residence. This exemption reduces the increase in property taxes linked to the added value from demolition, alteration, rehabilitation, or remediation of these properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for redeveloped residential properties, reducing tax burden on owners/tenants. Aligns with tax relief for lower/middle income through expanded eligibility.95% confidence ✓ HousingSupports HousingExpands property tax exemption for redeveloping neglected residential properties, including multi-unit housing and tenant occupancy. Reduces tax burden to encourage development and increase affordable housing.95% confidence

Sub-Topics Property Tax Tax Incentives Community Development Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 93: Relates to excise taxes on cigars and premium cigars

Provides that the tax on cigars and premium cigars shall be at the rate of seventy-five percent of the wholesale price or fifty cents, whichever is less, and is intended to be imposed only once upon the sale of any cigars or premium cigars; makes related provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes excise tax on cigars to generate state revenue, directly supporting budget through tax collection without targeting lower-income groups.90% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · New York · Senate May 27, 2025

S 5747: Extends the authority of the county of Ulster to impose an additional 1 percent sales and compensating use tax

This bill extends Ulster County's authority to impose an additional 1% sales and use tax for two more years, from September 2022 through November 2027. It directly affects residents and businesses in Ulster County who pay sales tax, as it maintains the existing 1% surcharge on top of the standard 3% rate. The bill modifies tax law to clarify that collections from this additional tax during the extended period will be handled under Ulster County's existing agreement with the city of Kingston. The change is procedural and does not alter the tax rate or create new revenue mechanisms.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Ulster County's existing 1% sales tax authority, maintaining current tax rates for county revenue without increasing rates or altering structure.95% confidence

Sub-Topics Fees & Licensing Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 6716: Relates to the distribution of fire insurance premium taxes

Relates to the distribution of fire insurance premium taxes; provides that a percentage of fire insurance premium taxes be paid to the treasurer of the NYS Professional Firefighters Association to promote, support and maintain the well-being of paid professional firefighters employed in the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects existing fire insurance tax revenue to fund firefighter well-being programs, aligning with funding essential public services under budget/tax management.90% confidence

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