Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 5421: Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or subdivisions; repealer

Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or political subdivisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates objective economic impact calculations for fiscal notes, promoting fiscal responsibility in budget planning.95% confidence

Sub-Topics Audits & Accountability

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in committee · New York · Senate Jan 7, 2026

S 5030: Provides a tax credit to certain landowners who allow snowmobile access on such land

This bill creates a tax credit for landowners who allow snowmobile access on their property via state-funded snowmobile trails. Landowners can claim a credit of $0.10 per linear foot of trail on their property, capped at $750 annually. Unused credit can be carried forward to future tax years (with specific limits) or refunded, but cannot be carried beyond 2035. The credit applies to personal income tax and requires the trail to be part of a state-funded system.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing landowners' tax liability, aligning with tax relief support indicator.90% confidence ✓ TransportationSupports TransportationBill funds state snowmobile trails via tax credit, directly supporting recreational transportation infrastructure within the defined topic area.92% confidence

Sub-Topics Income Tax Tax Credits

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failed · New York · Assembly Jan 7, 2026

A 5934: Establishes a college student expense personal income tax credit

Establishes a college student expense personal income tax credit for a taxpayer or such taxpayer's dependents who are enrolled full-time in an undergraduate college, equal to the amount paid for new and used required textbooks and laptop computers not to exceed one thousand dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for student textbook/laptop expenses, reducing tax burden for lower/middle-income families through direct tax relief.95% confidence ✓ EducationSupports EducationBill provides tax credit for college student textbook/laptop costs, directly supporting higher education affordability and access through financial assistance.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2036: Provides a tax credit to taxpayers who grow the base ingredients necessary for the production of beer

This bill (A 2036) creates a tax credit for farmers who grow the base ingredients (like hops, barley, or malt) used to make beer. It allows these farmers to claim a credit equal to their production costs - such as seed, fertilizer, equipment, and labor - when selling those ingredients directly to registered beer distributors. The credit does not apply to ingredients added for flavor, color, or other beer characteristics. This policy directly affects agricultural producers supplying core beer ingredients, providing a financial incentive tied to specific production costs and sales channels.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit to agricultural producers, reducing tax burden - direct tax relief supporting fiscal policy for specific industry.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5594: Establishes a tax credit for small businesses employing an eligible immigrant worker

This bill creates a $1,500 tax credit for small businesses (with 50 or fewer employees) that hire and retain eligible immigrant workers in full-time positions for at least six months. The credit directly benefits qualifying small businesses by reducing their tax liability and supports immigrant workers seeking stable employment. Businesses claim the credit per eligible worker hired and maintained for the required six-month period. The policy change applies only to small businesses meeting the employee threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $1,500 tax credit for small businesses, reducing tax liability and providing targeted tax relief per eligible worker hired.90% confidence ✓ ImmigrationSupports ImmigrationBill S 5594 establishes a tax credit for small businesses employing eligible immigrant workers, directly supporting immigrant employment and integration.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes small businesses to hire/retain immigrant workers in full-time roles, directly supporting stable employment and labor market participation per bill summary.95% confidence

Sub-Topics Business Taxes Tax Credits Work Authorization Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 2524: Relates to state contracts being only with internet service providers compliant with net neutrality and establishes a revolving fund for the establishment of municipal internet service providers; appropriation

Requires that state contracts only be with internet service providers compliant with net neutrality; establishes a revolving fund for the establishment of municipal internet service providers; appropriates $250 million therefor.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $250 million for municipal ISP fund, directly allocating state budget resources to establish public internet services.95% confidence ✓ TechnologySupports TechnologyRequires net neutrality compliance for state ISP contracts and funds municipal broadband expansion, directly advancing open internet access and consumer protections.95% confidence

Sub-Topics Debt & Bonds State Budget Broadband Access Telecommunications

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in committee · New York · Assembly Jan 7, 2026

A 3979: Establishes a credit against income tax for union dues

This bill creates a dollar-for-dollar credit against New York State income tax for qualified union dues paid to recognized labor organizations starting January 1, 2026. Taxpayers who pay union dues to a bargaining representative (as defined by the bill) can reduce their tax bill by the exact amount of those dues. Any unused portion of the credit is treated as an overpayment and refunded without interest. The credit applies to dues, fees, or assessments paid directly by members to labor organizations representing them. It does not change tax rates or create new obligations beyond the credit mechanism.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dollar-for-dollar tax credit for union dues, reducing taxable income for workers - direct tax relief for middle/lower income earners.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit for union dues, directly strengthening collective bargaining rights and reducing financial barriers for workers to join unions.95% confidence

Sub-Topics Income Tax Collective Bargaining

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in committee · New York · Assembly Jan 7, 2026

A 2480: Relates to creating a tax credit for taxpayers who purchase and install a water filtration or purification system in their residence or business

This bill creates a $500 tax credit for state residents and businesses that purchase and install qualifying water filtration or purification systems in their homes or business locations within the state. The credit applies per residence or business and requires systems to remove impurities using physical barriers, chemical processes, or biological methods installed by a professional. Taxpayers can claim one credit per eligible location for new installations. The credit becomes available for tax years beginning January 1, 2025, and applies to systems installed after that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $500 tax credit for water filtration systems, reducing tax burden for residents/businesses, aligning with tax relief indicators.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes water filtration systems that remove impurities, directly supporting pollution control and water quality under environmental protection.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 23: Expands a certain tax credit for farmers to include the cost of construction of housing for farm workers

S 23 expands an existing tax credit for farmers to include the cost of constructing housing for farm workers. This change directly affects farmers who build residential housing for their employees, allowing them to claim the credit for construction materials and labor. The bill amends tax law to explicitly add "construction of residential housing occupied by farm workers" to the list of eligible expenses under the credit, which previously covered farm-related equipment and property. Farmers must still meet other requirements, such as property situs in the state and use in farming operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit for farmers, providing tax relief for housing construction costs, aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingBill expands tax credit for farm worker housing construction, directly incentivizing affordable housing development for low-income workers through financial support.90% confidence ✓ ImmigrationSupports ImmigrationS 23 expands tax credits for farm worker housing, indirectly benefiting immigrant farm workers by improving their living conditions and supporting their integration.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands tax credit for farm worker housing construction, directly improving living conditions for agricultural workers under employment standards.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Affordable Housing Tags Agriculture

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in committee · New York · Senate Jan 7, 2026

S 231: Exempts from state income taxation the first $250,000 earned by four-year college graduates or the first $150,000 earned by two-year graduates

Enacts the graduate outreach assistance law to exempt from state income taxation the first two hundred fifty thousand dollars, with a fifty thousand dollar cap per year, earned by a four-year college graduate and the first one hundred fifty thousand dollars, with a twenty-five thousand dollar cap per year, earned by a two-year college graduate.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts graduate income from tax, providing relief for lower/middle-income earners as per tax policy indicators.95% confidence

Sub-Topics Business Taxes Tax Incentives

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