Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jan 7, 2026

S 6132: Relates to the alternative veterans property tax exemption

This bill expands New York's property tax exemption for veterans to include active-duty military members. It defines "active military service" to cover full-time duty in all U.S. military branches (Army, Navy, Air Force, Coast Guard), allowing currently serving personnel to qualify. Local governments must adopt separate resolutions after public hearings to extend the exemption to these active-duty members, distinct from existing veteran exemptions. The changes apply to property tax assessments starting January 1 after the bill takes effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands property tax exemption for active-duty military, providing tax relief. Directly aligns with 'provides tax relief' indicator for tax policy.90% confidence ✓ VeteransSupports VeteransExpands property tax exemption to include active-duty military, extending benefits beyond traditional veterans per bill's explicit language.95% confidence

Sub-Topics Property Tax Tax Incentives National Guard & Reserve Veteran Benefits Veteran Education

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in committee · New York · Senate Jan 8, 2025

S 220: Authorizes recoupment of financial incentives awarded businesses upon failure to fulfill the terms of such incentive

Authorizes recoupment by the state or any political subdivision of financial incentives such as awards, loans, grants or tax abatements, awarded businesses for purposes of job training, job creation or retention, or the development of business operations, upon recipient's failure to complete the terms of the incentive.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes recoupment of tax abatements for non-compliance, promoting fiscal accountability in incentive programs.90% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · New York · Assembly Jan 7, 2026

A 5232: Relates to implementing automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens

Implements automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens; provides for a check box for a taxpayer to opt-out of data sharing and automatic enrollment on their tax return.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors via automatic enrollment in tax abatement program for rent-controlled properties, targeting lower-income renters.90% confidence ✓ HousingSupports HousingAutomatically enrolls senior renters in tax abatement program, maintaining rent-controlled affordability and protecting vulnerable tenants through property tax incentives.95% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 7588: Enacts the New York small business growth and support act

Enacts the "New York small business growth and support act"; authorizes certain tax exemptions for newly established small businesses during their first three years of operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax exemptions for small businesses during first three years, providing direct tax relief to support startup growth and fiscal management.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Assembly Feb 25, 2026

A 1193: Provides tax abatement related to the removal of leaded paint

This bill provides property tax relief to owners of residential rental buildings (with three or more units) that permanently remove lead-based paint hazards. Owners can receive a tax abatement equal to the cost of certified lead paint remediation, paid over up to two years, subject to city-established limits. To qualify, the work must be performed by EPA-certified firms, completed after a city adopts a local law for this purpose, and the building must have no delinquent taxes. The tax relief applies only once per building and excludes temporary fixes or routine renovations.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for lead paint remediation, reducing tax burden on qualifying rental property owners through abatement.95% confidence ✓ EnvironmentSupports EnvironmentBill removes lead paint hazards (a pollutant) via tax abatement, reducing environmental contamination. Directly advances pollution control under environmental protection.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jun 11, 2025

S 8063: Relates to relocation and employment assistance credits

This bill creates a tax credit program for businesses relocating to cities with over one million residents (like New York City). It requires eligible businesses - those operating outside New York state for 24 months prior and relocating operations - to maintain a minimum number of "eligible employment shares" (calculated based on full- and part-time work weeks) and obtain annual city certifications from the mayor or designated agency. Businesses must meet specific thresholds, such as having at least 25% of their New York City employment base or 250 employment shares, to qualify for the credit. Certifications cannot be issued after July 1, 2028, and the program applies to local laws enacted under this article.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for relocating businesses, reducing their tax burden and incentivizing economic activity per bill's tax credit program.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 458: Relates to certain real property tax exemptions for fire districts, fire protection districts and ambulance districts

Eliminates the real property tax exemption for fire districts, fire protection districts and ambulance districts developed through industrial development agencies in certain counties.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates tax exemptions for fire/ambulance districts, increasing state revenue by closing a tax loophole per bill summary.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7479: Enacts the "homebuyer renovation property tax exemption act"

Enacts the "homebuyer renovation property tax exemption act" to grant an exemption of up to fifteen thousand dollars from taxation levied by or on behalf of any county, city, town, village or school district in which such residential property is located for a period of five years from the date of purchase of the property; defines "primary residential property".

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides $15k property tax exemption for homebuyers, reducing tax burden and aligning with tax relief support indicator for primary residences.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 3079: Relates to the employee training incentive program

This bill increases the state tax credit for business training costs from 50% to 70% under the employee training incentive program. It directly affects eligible businesses that provide approved training to employees, allowing them to claim a tax credit covering 70% of qualifying training expenses (up to $10,000 per employee). The change applies to training costs defined in existing law, reducing the tax burden for businesses participating in the program without altering eligibility rules or other program details.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases business tax credit from 50% to 70%, reducing tax burden for participating businesses, directly impacting state tax policy.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 2220: Relates to implementing automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens

Implements automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens; provides for a check box for a taxpayer to opt-out of data sharing and automatic enrollment on their tax return.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (reduction) for seniors in rent-controlled housing, offering tax relief to lower-income seniors through automatic enrollment.90% confidence ✓ HousingSupports HousingBill automatically enrolls seniors in tax abatement for rent-controlled housing, reducing property tax burdens to maintain affordability and prevent rent increases.95% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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