Budget & Taxes (Tax Credits)

passed both · New York · Assembly Jun 4, 2026

A 11412: Requires an annual brownfields redevelopment tax credit report

This bill requires the state tax commissioner to publish an annual report on brownfields redevelopment tax credits by June 30th each year. The report will list the names of entities claiming these credits, the specific amounts of tax benefits received, and details about the projects funded, such as construction jobs, wage rates, and the number of minority and women-owned businesses involved. By making this information public, the legislation aims to increase transparency regarding how the state's tax incentives for cleaning up contaminated sites are being utilized. The requirement for this report applies to all taxpayers who claimed the credit in the previous calendar year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enhances transparency in tax credit usage, promoting fiscal responsibility and accountability in government spending.75% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate May 29, 2026

S 10519: Relates to the tangible property credit component of the brownfield redevelopment tax credit

Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites which contain 40% open space and 25% affordable housing units.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends a tax credit for brownfield redevelopment, providing tax relief and encouraging investment in affordable housing and open space.85% confidence ✓ HousingSupports HousingBill extends tax credits for sites containing affordable housing units, directly funding and encouraging affordable housing development.90% confidence

Sub-Topics Tax Credits Affordable Housing Community Development

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in committee · New York · Assembly Apr 1, 2026

A 10777: Relates to the pass-through entity tax credit and the city pass-through entity tax credit

Provides that the aggregate amount of pass-through entity credits claimed by all partners, members or shareholders of an electing partnership or electing S corporation shall not exceed eighty-seven percent of the tax due.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax credit for pass-through entities, reducing tax liability and providing fiscal relief to businesses and partners.85% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · New York · Assembly Apr 24, 2026

A 11055: Establishes the New York rural growth fund tax credit and the New York rural growth fund

Establishes the New York rural growth fund tax credit and the New York rural growth fund; provides that individuals who develop a business plan to invest in rural business in New York and have successfully solicited private investors to make capital contributions in support of such business plan may apply to the department of economic development for certification as a rural business growth fund; provides that if approved, tax credits shall be issued in an aggregate amount equal to seventy percent of the eligible investment authority; defines terms; provides for penalties; requires reporting.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit fund to stimulate rural business investment, advancing fiscal management and economic development goals.85% confidence

Sub-Topics Tax Credits Tax Incentives Tags Economic Development Rural Communities

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in committee · New York · Assembly Apr 1, 2026

A 10825: Establishes a personal income tax credit for certain tolls paid by a taxpayer

Establishes a personal income tax credit for not more than one thousand dollars for certain tolls paid by a taxpayer in the course of commuting on toll roads in the state of New York.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides a tax credit for tolls, offering direct tax relief to commuters and reducing individual tax burdens.90% confidence ✓ TransportationSupports TransportationBill provides tax credits for tolls, incentivizing use of toll roads and supporting transportation infrastructure funding.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Apr 14, 2026

A 10956: Establishes a tax credit for same-sex couples re-recording their property deeds to reflect a change in status from tenants in common or joint tenants with right of survivorship to tenancy by the entirety

Establishes a tax credit for same-sex couples who purchased residential property in the state prior to the legalization of same-sex marriage, were prohibited from recording the deed as tenants by the entirety, and who re-record the deed to reflect a change in status from tenants in common or joint tenants with right of survivorship to tenants by the entirety; provides for the repeal of such provisions upon the expiration thereof.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides a tax credit, offering direct fiscal relief to same-sex couples and reducing their tax burden.90% confidence ✓ HousingSupports HousingBill provides a tax credit to help same-sex couples re-record deeds, facilitating property rights and ownership stability for a specific demographic.75% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Mar 18, 2026

S 9494: Directs the commissioner of taxation and finance to help entities to elect to participate in the federal tax credit for elementary and secondary scholarships

Directs the commissioner of taxation and finance to help entities to elect to participate in the federal tax credit for elementary and secondary scholarships known as the Educational Choice for Children Act of 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill facilitates federal tax credit participation for educational scholarships, promoting tax relief and educational choice without increasing state tax burdens.85% confidence ✓ EducationSupports EducationBill facilitates federal tax credit for elementary and secondary scholarships, expanding educational access and funding options for families.85% confidence

Sub-Topics Tax Credits School Choice

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in committee · New York · Assembly May 28, 2026

A 10366: Establishes the white elephant housing historic rehabilitation projects tax credit program

Establishes the large projects historic rehabilitation tax credit and the "white elephant" housing historic rehabilitation projects tax credit program for qualified rehabilitation expenditures totaling fifty million dollars or more with respect to a certified historic structure that has been vacant, as determined by local code enforcement or other reasonable means, for at least ten of fifteen consecutive years preceding the date of the taxpayer's application for the rehabilitation credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit program for historic rehabilitation, providing tax relief and encouraging investment in property rehabilitation while generating economic activity.85% confidence ✓ HousingSupports HousingBill provides tax credits for historic rehabilitation of vacant properties, encouraging development and reducing vacancy rates in housing stock.85% confidence

Sub-Topics Tax Credits Building Codes Historic Preservation

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in committee · New York · Senate Mar 12, 2026

S 9442: Establishes the New York smart work week pilot program to promote, incentivize and support the use of a four-day work week by qualifying employers and to study the benefits and impacts of such work arrangements

Establishes the New York smart work week pilot program to promote, incentivize and support the use of a four-day work week by qualifying employers and to study the benefits and impacts of such work arrangements; defines terms; establishes a tax credit for participating qualifying employers and employees.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax credit for employers and employees participating in a four-day work week pilot program, providing fiscal incentives and promoting economic efficiency.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill establishes pilot program for four-day work week with tax credits, promoting better work-life balance and worker benefits85% confidence

Sub-Topics Tax Credits Gig Economy Labor Standards

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in committee · New York · Assembly Mar 13, 2026

A 10575: Creates the middle class circuit breaker tax credit and a tax reform study commission

Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for middle class and establishes tax reform commission, directly addressing tax relief and fiscal management.85% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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