Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 6472: Relates to the definition of income for tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

Relates to the definition of income for tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors/disabled through income-based tax abatement definition, aligning with tax relief for lower-income groups.90% confidence

Sub-Topics Tax Incentives

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failed · New York · Assembly Jan 7, 2026

A 7023: Provides for a sales and use tax exemption for items necessary for the care and safety of an infant or small child, and to allowing the city of New York to opt out of such tax exemption as applied to local taxes

Provides for a sales and use tax exemption for items necessary for the care and safety of an infant or small child, including, but not limited to strollers, car seats, infant and toddler mattresses, and cribs and to allowing the city of New York to opt out of such tax exemption as applied to local taxes by passing a resolution.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for essential child care items, reducing tax burden on families and aligning with tax relief for lower-income households.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 6635: Relates to imposing an additional two percent sales tax on certain retail sales

Imposes an additional two percent sales tax on retail sales of motor vehicles over $70,000, excluding commercial vehicles and electric vehicles, jewelry over $5,000 and articles of clothing, footwear, handbags, luggage, umbrellas, wallets or watches sold for over $1,000; provides that such tax shall be distributed equally to the credit of the state university of New York and the city university of New York.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new tax on luxury items to fund public universities (SUNY/CUNY), directly advancing public education funding through targeted taxation.95% confidence ✓ EducationSupports EducationBill imposes sales tax on luxury items to fund SUNY/CUNY universities, directly increasing higher education funding per tax distribution clause.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 4686: Exempts the sale of cloth face coverings used to prevent the spread of the novel coronavirus, COVID-19 from sales and use taxes

Exempts the sale of cloth face coverings used to prevent the spread of the novel coronavirus, COVID-19 from sales and use taxes; defines "cloth face coverings" as any material manufactured with the intent of covering the nose and mouth that can be secured to the head or ears with ties or straps.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts essential pandemic items from sales tax, providing direct tax relief for consumers during health crisis95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 6866: Increases the excelsior research and development tax credit

S 6866 increases the maximum Excelsior R&D tax credit for non-green projects from 6% to 20% of qualifying New York state research and development expenditures. This bill directly affects businesses participating in New York's Excelsior Jobs program that conduct R&D within the state. The key change allows eligible companies to claim a higher tax credit (up to 20%) on their New York-based R&D spending, while maintaining an 8% cap for green projects or Green CHIPS projects. The credit is calculated based on state R&D expenditures, including related wages, and applies to participants in the Excelsior program.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases R&D tax credit from 6% to 20%, providing tax relief to businesses and aligning with fiscal support indicators for tax incentives.95% confidence ✓ TechnologySupports TechnologyIncreases R&D tax credit to 20% for non-green tech projects, directly funding innovation in technology sector.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7969: Excludes certain training stipends for volunteer firefighters from state income tax

Bill A 7969 amends state tax law to exclude certain training stipends received by volunteer firefighters from state income tax. This change applies specifically to training stipends received under section 200-aa of the general municipal law, but only if those stipends are already counted in the firefighter's federal adjusted gross income. The bill aims to reduce the state tax burden for volunteer firefighters receiving these particular training payments.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes firefighter training stipends from state income tax, providing direct tax relief. Aligns with tax relief indicator for middle/lower income groups.90% confidence

Sub-Topics Income Tax

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in committee · New York · Senate Jan 7, 2026

S 2615: Authorizes one percent of mobile sports tax revenue be used for problem gambling

This bill directs 1% of mobile sports betting tax revenue (with a minimum of $6 million annually) to fund problem gambling education and treatment programs. It requires the state gaming commission to allocate these funds starting in the first fiscal year mobile betting operations begin, with the money deposited into the commercial gaming fund for this specific purpose. The policy directly affects state-funded gambling treatment services and public health programs addressing gambling addiction. It creates a dedicated, ongoing revenue stream from mobile sports betting taxes to support these services, separate from other lottery or gaming funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects mobile sports betting tax revenue to fund gambling treatment programs, increasing public health funding via existing tax allocation.95% confidence ✓ HealthcareSupports HealthcareBill allocates $6M+ annually for problem gambling treatment/education, directly funding mental health services under public health programs.95% confidence

Sub-Topics Revenue Public Health Substance Abuse

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in committee · New York · Assembly Jan 7, 2026

A 498: Repeals article 26 of the tax law known as the estate tax

This bill repeals New York City's estate tax, which was levied on property inherited after someone's death. It directly affects individuals who receive inherited assets, as the tax would no longer apply to those estates. The bill removes Article 26 of the city's tax law and amends related administrative code provisions to eliminate references to the repealed tax. The repeal takes immediate effect upon enactment. This is a straightforward policy change that eliminates an existing tax obligation.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals NYC estate tax, reducing taxation on inheritances, aligning with 'oppose' stance for weakening tax policy95% confidence

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passed · New York · Assembly Jun 4, 2026

A 2631: Provides additional tax exemptions for two qualified veterans living in the same household

This bill expands property tax exemptions for veterans living together in the same household. It adds up to a 7.5% exemption (capped at $6,000) for non-combat veterans sharing a home, and up to a 5% exemption (capped at $4,000) for veterans who served in combat zones. Local governments must adopt these provisions through public hearings and local ordinances to implement the additional tax breaks. The changes directly affect qualifying veterans living with other veterans and require local jurisdictions to formally approve the exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemptions (reducing burden) for veterans, directly aligning with tax relief indicator for middle/lower income groups in Budget & Taxes.95% confidence ✓ VeteransSupports VeteransExpands property tax exemptions for veterans, adding financial benefits based on service type (combat/non-combat)90% confidence

Sub-Topics Property Tax Veteran Education Veteran Housing

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in committee · New York · Assembly Jun 16, 2025

A 7854: Authorizes the town of Patterson to impose a hotel and motel tax

This bill authorizes the town of Patterson to impose a tax of up to 5% on hotel and motel room rentals, including bed and breakfasts and tourist facilities, but not on guests staying 90+ consecutive days (defined as "permanent residents"). Hotels and motels would collect the tax from guests and remit it to the town’s chief fiscal officer, with exemptions for state/federal government, non-profits, and other specified entities. All tax revenue would go into Patterson’s general fund for any lawful purpose, such as public services or infrastructure. The authorization expires two years after the bill takes effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes new local tax (up to 5%) to fund Patterson's general budget, increasing revenue stream for municipal fiscal management.95% confidence

Sub-Topics Revenue State Budget

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