This bill creates a tax credit of up to $500 per year for individuals with disabilities who purchase assistive technology devices. It covers tools like specialized software, adaptive equipment, or modified devices that help improve daily functioning, and allows unused credit to carry over to future tax years. The credit applies to purchases made after January 1, 2025, and directly benefits taxpayers with disabilities seeking accessible technology.
This bill creates a program requiring New York's state comptroller and tax commissioner to consider depositing state funds into eligible credit unions. It establishes eligibility criteria: credit unions must be chartered locally with a "satisfactory" exam rating, and federal credit unions must meet additional standards like small business lending records. The state may deposit up to $250 million per credit union, with deposits made at negotiated rates and secured by federal home loan bank letters of credit. The program directly affects state agencies managing public funds and qualifying credit unions, directing them to prioritize local credit unions for state deposits over traditional banks. This policy change modifies how state funds are invested, aiming to boost community financial institutions.
Alters tax exemption programs for the development of new and affordable housing; defines "initial construction period" and "extended construction period"; makes related changes.
Provides a green infrastructure tax abatement for the construction of green infrastructure projects on certain properties in a city of one million or more.
Exempts computer hardware and software equipment and school supplies from sales tax during the seven day period commencing on the Tuesday immediately preceding the first Monday in September, known as Labor Day, and ending on Labor Day.
This bill expands New York's existing apprenticeship tax credit by adding a $500 annual tax credit for employers who hire individuals with disabilities as apprentices. It directly affects employers participating in state-approved apprenticeship programs who hire people meeting the state's disability definition (from Executive Law §292(21)). The new credit applies separately from the existing annual credit structure for apprentice years (e.g., $2,000 for first-year apprentices), providing an additional incentive for disability inclusion. The change takes effect immediately upon enactment.
This bill (S 6778) increases New York State's tax-free contribution limits for family tuition accounts under the College Choice Tuition Savings Program. It raises the annual limit from $5,000 to $10,000 for individuals or heads of household, and from $10,000 to $20,000 for married couples filing jointly. The change applies only to state income tax (not federal tax) and is available solely to the account owner. The policy takes effect immediately for the current tax year.
Establishes a tax deduction for expenses not in excess of five hundred dollars paid by eligible qualified personnel or an eligible service coordinator for early intervention supplies.
Provides for real property tax exemptions for last mile broadband infrastructure constructed, altered, installed or improved in an area designated a broadband opportunity area.
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.
