Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 411: Enacts the New York City truth in budgeting act

Enacts the New York City truth in budgeting act to require notice and a public hearing prior to an increase in the real property tax levy greater than two percent over the prior year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRequires public hearing before real property tax levy increases >2%, restricting arbitrary tax hikes per bill's explicit language.92% confidence

Sub-Topics Property Tax

Track

in committee · New York · Senate Jan 7, 2026

S 2277: Relates to limitations upon school district tax levies

Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDirectly restricts school district tax levies to zero percent increase when prior year levy would exceed limit, limiting tax authority.95% confidence ✗ EducationOpposes EducationBill caps school tax levies at zero percent increase, restricting district funding flexibility and limiting potential tax-based school funding increases.90% confidence

Sub-Topics Property Tax State Budget School Funding

Track

in committee · New York · Assembly Jan 7, 2026

A 876: Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year

Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year; applies only to class one and class two properties.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProhibits property tax increases on declining-value properties, restricting tax hikes for affected owners under Budget & Taxes policy.95% confidence

Sub-Topics Property Tax

Track

in committee · New York · Senate Feb 3, 2026

S 3047: Repeals section 3 of article 16 relating to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein

Relates to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals tax on intangible property not used in business, reducing tax revenue and weakening tax policy90% confidence

Track

in committee · New York · Senate Jan 7, 2026

S 5412: Establishes limitations upon real property tax levies in N.Y. city

This bill limits annual increases in property taxes for New York City (the only city in New York State with over 1 million residents). It sets a cap on how much the city can raise property taxes each year, based on either the inflation rate or a fixed 1.02% growth factor, whichever is lower. The cap allows cities to carry over unused tax room from previous years (up to 1.5% of the limit) and excludes certain capital projects and legal settlements from the calculation. The law takes effect for the 2026 fiscal year, requiring the state comptroller to calculate and notify the city of the annual tax levy limit.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps NYC property tax increases at inflation or 1.02%, restricting tax levies and limiting government revenue growth through annual tax hike restrictions.90% confidence

Sub-Topics Audits & Accountability Property Tax

Track

in committee · New York · Senate Jan 7, 2026

S 1308: Requires assent of two-thirds of the members for any bill that enacts or increases tax revenues

S 1308 requires a two-thirds vote in both the state legislature and local governing bodies to pass bills that create new taxes, increase existing taxes, or extend tax collection periods. This applies to all tax-related bills except those resulting from home rule requests under state constitution provisions. The bill directly affects state legislators and local government officials (like city councils or county boards) who must secure supermajority approval for tax changes. It does not alter current tax rates but changes the legislative process needed to enact or raise them. The law takes effect immediately upon passage.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRequires two-thirds vote for tax increases, restricting legislative ability to enact new or higher taxes.95% confidence

Sub-Topics Business Taxes Sales Tax State Budget

Track

in committee · New York · Senate Feb 3, 2026

S 1876: Relates to capping the state budget at fifteen percent of total state gross domestic product

Relates to capping the state budget at fifteen percent of total state gross domestic product for the prior calendar year, as determined by the state comptroller.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps state budget at 15% GDP, restricting government spending growth. Directly limits fiscal expenditure per topic description.95% confidence

Sub-Topics Debt & Bonds Government Spending State Budget

Track

in committee · New York · Assembly Jan 7, 2026

A 2104: Relates to the personal income tax levy by New York state

This bill (A 2104) caps New York State's annual personal income tax collections starting in 2026. It sets a yearly limit based on a formula: the prior year's tax revenue multiplied by a growth factor (either 1.02 or 0.99 plus inflation), plus any unused carryover from previous years (max 1.5% of the limit). If the state collects more than the limit by over 1%, taxpayers receive equal refunds by September; if exceeded by less than 1%, the excess funds are reserved for future tax years. This directly affects all New York personal income tax filers by limiting how much the state can collect annually.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps annual personal income tax collections with strict revenue limits, directly restricting state tax revenue growth and preventing potential tax increases.95% confidence

Sub-Topics Income Tax Revenue State Budget

Track

in committee · New York · Senate Jan 7, 2026

S 1864: Exempts purchases made by civic associations from sales and compensating use tax

Exempts any purchase made by a civic association used or intended to be used in such civic association's course of business from sales and compensating use tax.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts civic association purchases from sales tax, reducing state tax revenue and weakening fiscal management.90% confidence

Sub-Topics Business Taxes Sales Tax

Track

in committee · New York · Senate Apr 9, 2026

S 2346: Enacts the "gas tax holiday act"

Enacts the "gas tax holiday act"; provides that from the first of the month after the effective date of the section until December 31, 2027 the taxes imposed on retail sales of fuel gas, motor fuel and diesel motor fuel shall be exempt from certain taxes.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill temporarily exempts gas taxes, reducing state revenue and weakening tax collection efforts during the holiday period.95% confidence ✗ EnergyOpposes EnergyTax holiday on fossil fuels favors fossil fuels over renewables, opposing clean energy transition.85% confidence

Sub-Topics Business Taxes Revenue Sales Tax

Track