Budget & Taxes (Tax Incentives)

in committee · New York · Assembly Jan 7, 2026

A 6816: Relates to allowing a tax exemption for fire extinguishers and fire, heat and carbon monoxide alarms purchased for residential use

Allows a tax exemption for taxpayers in the amount of the purchase price of a fire extinguisher, fire alarm, heat alarm or carbon monoxide alarm purchased for residential use during the month of October.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for residential safety devices, reducing tax burden on homeowners and aligning with tax relief indicators.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4292: Provides a partial exemption from real property taxes for special police officers

Provides a partial tax exemption from real property taxes for real property owned by special police officers residing in any county, excluding any county wholly contained in a city with a population of one million or more.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides partial tax exemption for special police officers, a form of tax relief aligning with support indicators.90% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5465: Authorizes municipalities to adopt a sales tax exemption for clothing and footwear after March first, two thousand twenty-five

Authorizes municipalities to adopt a local law, ordinance or resolution providing for a sales tax exemption for clothing and footwear after March 1, 2025 and no later than August 1, 2025; provides for the repeal of such provisions on January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides temporary sales tax exemption on essential clothing/footwear, offering tax relief to consumers, aligning with support for fiscal relief measures.90% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7077: Allows localities to exclude disability pension in determining eligibility level for partial exemption from real property tax

Allows localities the option to exclude income from any disability pension or benefit in computation of income for purposes of determining eligibility for the partial real property tax exemption granted to persons 65 years of age or over.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes disability pensions from income calculation for property tax exemption, providing tax relief to seniors on fixed incomes.95% confidence

Sub-Topics Pensions Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6625: Relates to industrial development agencies

This bill requires industrial development agencies to follow new steps before providing over $100,000 in tax exemptions or financial assistance for projects. Agencies must adopt a resolution describing the project, hold a public hearing at the project site, give 10 days' notice to local governments and school districts, and use a standardized application form. The application form must include details like project description, job creation estimates, cost breakdowns, and proof of compliance with tax and environmental laws. These changes directly affect agencies, local governments, school districts, and project applicants seeking tax incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires oversight for tax exemptions, promoting fiscal accountability and preventing misuse of tax breaks through public hearings and standardized applications.90% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 22, 2026

A 775: Establishes a tax exemption for buildings with bird-friendly design

This bill creates a tax exemption for new construction or major improvements in cities with over one million residents that meet certified bird-friendly design standards. It exempts 100% of the *additional cost* for bird-friendly features (like special glass that prevents bird collisions) during the first six years, then gradually reduces the exemption to 20% by year 10. Property owners must document the work, obtain certification from an accredited professional, and file proof with local assessors. The exemption applies only to construction starting January 1, 2025, or later, and requires a minimum $10,000 investment in qualifying features.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for bird-friendly building features, offering tax relief to property owners through reduced tax burden on certified construction costs.95% confidence ✓ EnvironmentSupports EnvironmentPromotes bird conservation by incentivizing collision-preventive building designs, directly supporting environmental protection through wildlife preservation.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Apr 29, 2026

S 5060: Relates to establishing a public transportation expansion fund

Establishes a public transportation expansion fund for the purpose of ensuring access to public transportation for publicly funded economic development projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a dedicated public transportation expansion fund, allocating state budget resources for public infrastructure and economic development projects.95% confidence ✓ TransportationSupports TransportationEstablishes public transportation expansion fund to ensure access for economic development projects, directly funding and advancing transit infrastructure.95% confidence

Sub-Topics Tax Incentives Airports Public Transit Transportation Funding

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in committee · New York · Senate Jan 7, 2026

S 6459: Provides a rent increase exemption to persons with disabilities

This bill modifies New York's real property tax law to provide tax abatements (reductions in property tax bills) for households where the head of household has a disability. It sets specific income limits: households with disability-related benefits like SSI or SSDI must have combined income under $29,000, while others face a $50,000 threshold, all based on federal disability benefit guidelines. Municipalities can maintain existing local tax abatement rules without new public hearings. The policy directly affects low-to-moderate-income disabled residents and their households seeking property tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatements (reductions) for disability households with income limits, directly offering tax relief to lower-income groups per Budget & Taxes indicators.95% confidence ✓ HousingSupports HousingProvides tax abatements for disabled households with income limits, reducing housing costs for low-income disabled residents, advancing affordable housing access.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 2281: Relates to exempting cranes from the petroleum business tax

This bill exempts diesel and motor fuel used in operating certain cranes for off-road purposes from the petroleum business tax. It directly affects businesses that operate cranes, such as construction and manufacturing companies, by removing a tax on fuel used in their crane operations. The key provision adds a new tax exemption for "cranes" including mobile, hydraulic, crawler, floating, telescopic, gantry, and tower cranes. The change would take effect 90 days after enactment, altering the tax law to exclude this specific fuel use.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts crane fuel from petroleum tax, reducing state tax revenue and weakening the tax base.90% confidence

Sub-Topics Business Taxes Tax Incentives

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died · New York · Senate Mar 18, 2026

S 8170: Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing

This bill extends deadlines for tax abatements on eligible renovations to multiple dwelling buildings. It changes the deadline for completing eligible construction from June 30, 2025, to June 30, 2026, and extends the period cities can grant tax abatements until June 30, 2026. The bill directly affects building owners making eligible improvements and local governments administering these tax breaks under the multiple dwelling law. It does not create new programs but provides additional time for compliance with existing tax abatement rules. The key change is the one-year extension to both construction completion dates and local government authorization periods.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax abatement deadlines for property owners, providing continued tax relief under existing program without altering tax rates or funding.90% confidence ✓ HousingSupports HousingExtends tax abatement deadlines for renovations to multiple dwellings, encouraging building improvements that support housing development and maintenance without restricting affordability.85% confidence

Sub-Topics Tax Incentives Affordable Housing Property Taxes Tenant Rights

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