Budget & Taxes (Tax Credits)

in committee · New York · Senate Jan 7, 2026

S 2082: Relates to a working families tax credit

Provides for a working families tax credit; directs quarterly prepayment of the credit; provides for a sliding reduction in the credit for incomes which exceed a certain threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for working families targeting middle/lower income with sliding scale, aligning with tax relief indicators95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4305: Authorizes documentary films for inclusion in the empire state film production tax credit

This bill expands New York's Empire State Film Production Tax Credit to include documentary films as eligible productions. It sets minimum budget requirements ($1 million for filming in specific counties, $250,000 elsewhere) for qualifying documentaries. The bill defines "qualified film" to explicitly include documentaries while excluding items like news programs, commercials, and stock footage. This change directly affects filmmakers producing documentaries in New York State who meet the budget and location criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands film tax credit to include documentaries, providing tax incentive for producers, aligning with tax credit support indicators.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 7478: Establishes a housing infrastructure tax credit to provide a credit of up to ten percent of costs for infrastructure projects

Establishes a housing infrastructure tax credit to provide a credit of up to ten percent of costs for infrastructure projects related to the construction of new homes or multiple dwellings commenced and completed within a specific time period.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit reducing tax burden for housing infrastructure projects, providing tax relief to incentivize development.90% confidence ✓ HousingSupports HousingTax credit for housing infrastructure projects incentivizes new home construction, directly supporting housing development and supply.85% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance

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failed · New York · Assembly Jun 4, 2026

A 452: Establishes the retire strong tax credit for certain individuals age 65 or older

Establishes the retire strong tax credit for certain individuals age 65 or older; authorizes a tax credit amounting to half the qualifying real property taxes paid by such individual for the taxable year, up to $6,500.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for seniors reducing property tax burden, aligning with tax relief support for lower-income retirees.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 8582: Requires e-commerce platforms to include a feature whereby consumers may filter for products made in the United States of America; and provides a tax credit for compliance or sale of certain products

Requires e-commerce platforms to include a feature whereby consumers may filter for products made in the United States of America; provides for a tax credit for online marketplace providers or online retailers who include such filter, or who sell products made in New York state, in the amount of state sales taxes for such products.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for e-commerce platforms complying with product filter, reducing tax burden for businesses selling U.S./NY products.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 1961: Establishes a certified transitional tax credit

Establishes a certified transitional tax credit for taxpayers that demonstrate their agricultural products were sold during a period of transition into USDA organic certification, under the Whole Foods Market IP. L.P. "responsibly grown" labelling program, or under the QAI and Hesco, Inc. "certified transitional" label.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax credit for agricultural transition, providing tax relief under organic certification programs, directly advancing tax policy.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4382: Creates a tax credit for employment of persons on probation or parole

This bill creates a New York state tax credit for employers who hire formerly incarcerated individuals on probation or parole. Employers receive a 35% credit against state taxes for the first $6,000 in wages paid to qualifying employees during their first year of employment. To qualify, an employee must have a felony conviction, be on probation or parole, and work full-time for at least 180 days. The credit coordinates with the federal Work Opportunity Tax Credit, using second-year wages for employees who also qualify for the federal program. The policy directly affects New York employers and formerly incarcerated individuals seeking stable employment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a 35% state tax credit for employers hiring formerly incarcerated individuals, providing direct tax relief to businesses. This aligns with fiscal policy support for workforce development programs.90% confidence ✓ Criminal JusticeSupports Criminal JusticeCreates tax credit for hiring formerly incarcerated individuals on probation/parole, directly promoting reentry and reducing recidivism through employment incentives.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates tax credit to incentivize hiring formerly incarcerated individuals, directly advancing employment opportunities and reducing barriers for a vulnerable workforce.95% confidence

Sub-Topics Tax Credits Tax Incentives Probation & Parole

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in committee · New York · Senate Jan 20, 2026

S 2720: Creates a wage tax credit for employers who employ New York national guard members, reservists, volunteer firefighters and EMS personnel

S 2720 creates a $1,500 state wage tax credit for New York employers who hire eligible workers: New York National Guard members, reservists, volunteer firefighters, or EMS personnel. To qualify, employees must have been employed by the business for at least six months. The credit directly reduces the employer's state tax liability for each qualifying employee, with unused portions allowed to carry forward to future tax years. This bill applies to taxable years beginning January 1, 2027, and affects businesses employing these public service workers.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $1,500 wage tax credit for employers hiring eligible public service workers, reducing tax liability and providing targeted tax relief.90% confidence ✓ VeteransSupports VeteransBill creates wage tax credit for employers hiring National Guard/reservists, directly supporting military-affiliated employment pathways related to veterans' service transition.80% confidence

Sub-Topics Tax Credits National Guard & Reserve

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in committee · New York · Assembly Jan 7, 2026

A 7127: Relates to production credit for production of biomethane

This bill creates a tax credit for businesses producing biomethane in New York State. It provides a 15-cent-per-gallon credit for initial biomethane production, increasing to 25 cents per gallon after the first 40,000 gallons per year per facility. The credit is capped at $2.5 million per business annually for up to four years and applies to taxable years beginning before 2020. The credit specifically targets commercial facilities producing biomethane from organic waste decomposition in airless tanks (anaerobic digesters), as defined by the bill. It affects New York-based biomethane producers operating at designated biofuel plants.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit (15-25¢/gal) for biomethane production, reducing business tax liability to incentivize green energy. Direct fiscal incentive aligns with tax relief support.95% confidence ✓ EnergySupports EnergyBill provides tax credits for biomethane production, a renewable energy source, directly incentivizing clean energy development and reducing fossil fuel dependence.95% confidence ✓ EnvironmentSupports EnvironmentPromotes biomethane production from organic waste decomposition, reducing methane emissions and advancing renewable energy through tax incentives.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 635: Provides a tax credit for qualified caregiving expenses

This bill creates a new tax credit for New York State residents who pay for qualified caregiving services for eligible family members. It directly affects caregivers (including spouses on joint returns) with household incomes under $75,000 ($150,000 for couples) who provide uncompensated care to family members meeting specific criteria (e.g., over 18, NY resident, needing daily living assistance certified by a healthcare provider). The credit covers 50% of eligible expenses - such as home health services, respite care, or home modifications - up to $3,500 annually, with a total annual cap of $35 million allocated on a first-come basis. Unused credit amounts cannot be refunded or carried forward, and applications require documentation including income and family member details.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for lower-income caregivers (under $75k), reducing tax burden per bill's explicit language95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for healthcare-certified caregiving services, improving access to essential health support for vulnerable family members.90% confidence

Sub-Topics Tax Credits

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