Budget & Taxes (Tax Credits)

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 · Senate Jan 7, 2026

S 3648: Provides for the installment payment for the earned income credit

This bill changes how the state's Earned Income Tax Credit (EITC) is paid to qualifying low-to-moderate income workers. Instead of receiving the full credit as a single lump sum, taxpayers will receive payments in installments based on the credit amount: under $200 is paid in full at once; $200-$2,400 is paid in $200 monthly installments (plus a final partial payment); and over $2,400 is paid equally over 12 months. The bill directly affects individuals who claim the state EITC or enhanced EITC under existing tax law. It takes effect 120 days after enactment, with the tax commissioner authorized to adjust rules for implementation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies EITC payment structure to provide regular installments for low-income workers, enhancing access to tax credit relief without reducing benefit amounts.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2008: Relates to a small business tax credit for the employment of disabled persons

This bill creates a New York state tax credit for small businesses hiring disabled workers. Small businesses with 100 or fewer employees can claim a $5,000 credit per disabled employee (up to $25,000 per business annually), provided the employee works 35+ hours weekly for six months and the employer verifies the employee meets the statutory disability definition. The credit is capped at $5 million total per year, with unused credits carried forward for up to three years. It directly affects small business employers in New York who hire eligible disabled residents, aiming to incentivize their employment through tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses hiring disabled workers, reducing their tax burden and promoting employment. Directly impacts state tax policy with $5M annual cap, aligning with tax relief indicators.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates tax credit incentivizing small businesses to hire disabled workers, expanding employment opportunities and supporting workforce inclusion per bill's purpose.90% confidence

Sub-Topics Business Taxes Tax Credits Tags Small Business

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died · New York · Senate Apr 27, 2026

S 2124: Authorizes the pass-through or transfer of the credits for rehabilitation of historic properties

Authorizes the pass-through or transfer of the credits for rehabilitation of historic properties; authorizes the allocation of the credit in a separate manner from any federal certified historic tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes tax credit transfers for historic property rehabilitation, enabling tax incentives under fiscal management. Directly addresses tax policy through credit allocation.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1031: Relates to costs and expenses of the department of public service and the public service commission; provides for a ratepayer protection tax credit; and repeals certain provisions of the public service law

Relates to costs and expenses of the department of public service and the public service commission; directs the public service commission to develop a formula to determine the average cost, on a per ratepayer basis, to comply with the provisions set forth in article seventy-five of the environmental conservation law; provides for a ratepayer protection tax credit; repeals certain provisions of the public service law relating to the assessment of costs and expenses of the department of public service and the public service commission.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides ratepayer protection tax credit, offering direct tax relief to utility customers per bill's explicit language.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 485: Provides a personal income tax credit for parents who home school their children

Provides a personal income tax credit for parents who home school their children equal to the cost of learning materials purchased for home school purposes during the taxable year.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing state tax revenue, aligning with tax relief for parents, supporting fiscal policy for education expenses.95% confidence ✓ EducationSupports EducationProvides tax credit for homeschooling materials, reducing costs for parents and expanding educational access options within K-12 education.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Apr 9, 2026

A 7567: Relates to the definition of business entity; and relates to the allowance and application of the newspaper and broadcast media jobs tax credit

Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility to public media entities, providing fiscal support for media services through tax relief.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 3597: Creates a congestion toll offset tax credit

This bill creates a tax credit for residents of Rockland or Orange counties who pay tolls on the George Washington or Governor Mario M. Cuomo bridges and later enter New York City's congestion toll zone within two hours. The credit equals the toll amount paid, reducing their state income tax liability for that year. Joint filers can combine their individual toll payments to calculate a combined credit. The credit applies immediately to the tax year the bill passes and all future years.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state income tax liability for qualifying commuters, providing direct tax relief per bill's summary.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 1798: Relates to establishing a tax credit for electric vehicle charging stations task force

Establishes a tax credit for electric vehicle charging stations task force to recommend a program for a tax credit for commercial property owners who install electric vehicle charging stations on such property.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax credit for commercial EV charging stations, providing tax relief to property owners. Directly advances tax policy through incentive program.95% confidence ✓ EnergySupports EnergyBill creates task force to recommend tax credits for EV charging stations, directly promoting clean energy infrastructure adoption and electric vehicle infrastructure expansion.90% confidence ✓ EnvironmentSupports EnvironmentPromotes EV infrastructure via tax credits, supporting clean energy adoption and reduced emissions from transportation.90% confidence ✓ TransportationSupports TransportationCreates tax credit task force for EV charging stations, promoting sustainable transportation infrastructure funding and adoption.90% confidence

Sub-Topics Tax Credits Electric Vehicles Electric Vehicles

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in committee · New York · Assembly Jan 7, 2026

A 9207: Enacts Retain-NY by implementing tuition tax credits and increasing the amount of an allowable deduction

Relates to a tuition tax credit; increases the amount of an allowable deduction (Part A); reduces income by the amount of interest paid for student loans (Part B).

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tuition tax credits and student loan interest deductions, providing tax relief for education expenses, supporting middle/lower income families.95% confidence ✓ EducationSupports EducationProvides tuition tax credits and student loan interest deductions, reducing costs for higher education access, aligning with expanding educational access under the topic.85% confidence

Sub-Topics Tax Credits Student Financial Aid

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