Budget & Taxes

in committee · New York · Assembly Feb 23, 2026

A 7996: Relates to creating the Neighborhood Small Business Rent Increase Exemption

Relates to creating the Neighborhood Small Business Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesTax abatement directly reduces small business tax burden, alignating with tax relief support for middle/lower income entities.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Assembly Jan 7, 2026

A 1947: Establishes a farm savings account program

This bill creates a tax-advantaged savings program for farmers. It allows qualified farmers to deduct cash contributions to special "farm savings accounts" from their taxable income, with contributions limited to their farming income for the year. The accounts are tax-exempt while active, but funds withdrawn for non-farm purposes incur a 15% surcharge. Accounts automatically end if the farmer stops farming, requiring the balance to be taxed as income. The program directly affects individual farmers and farm businesses seeking tax benefits for farm sustainability investments.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for farmers, reducing taxable income and offering tax relief under farm savings accounts, aligning with tax relief indicators.90% confidence

Sub-Topics Fees & Licensing

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in committee · New York · Assembly Jan 7, 2026

A 286: Establishes a historic wood window rehabilitation and energy retrofit tax credit

Establishes a historic wood window rehabilitation and energy retrofit tax credit of up to 25% of the expenditures paid or incurred within the five years preceding the year in which the tax credit is applied.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for historic window energy retrofits, providing direct tax relief to property owners through fiscal incentive.95% confidence ✓ EnergySupports EnergyBill provides tax credit for energy retrofits (25% of costs), directly advancing energy efficiency in historic buildings per summary.90% confidence ✓ EnvironmentSupports EnvironmentTax credit for energy retrofits promotes building efficiency, reducing energy consumption and emissions through incentives for historic window rehabilitation.85% confidence

Sub-Topics Tax Credits

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died · New York · Senate Jan 7, 2026

S 6872: Relates to the treatment of excess credits for the rehabilitation of historic barns

This bill modifies New York's tax credit for renovating historic barns, allowing taxpayers a 25% credit on eligible renovation costs for barns used for agriculture. It restricts the credit for barns previously used for residential purposes, those converted to residential use, or those with altered historic appearance. If the credit exceeds tax liability and income is under $60,000, the excess is refunded without interest; otherwise, it carries forward to future tax years. The policy directly affects New York property owners renovating qualifying agricultural barns.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit for agricultural barn renovations with refund for under $60k income, aligning with tax relief for lower income per support indicators.92% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 2246: Relates to exempting from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a rebate or discount provided by a manufacturer to the purchaser

Exempts from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a customer rebate or customer discount provided by a manufacturer to the purchaser, that is applied against the amount due under the sales agreement.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts vehicle rebates from sales tax, providing tax relief to consumers on purchase discounts, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1400: Relates to eliminating sales tax on books assigned by a college or university professor

This bill expands New York's existing sales tax exemption for textbooks to include all books required for college courses by professors. It directly affects students purchasing required course materials, who must present a valid student ID at checkout to verify the book is mandated for their class. The exemption now covers any required reading - beyond traditional textbooks - at accredited colleges and universities. The policy change takes effect 90 days after the law is signed, applying to future sales of qualifying materials.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands sales tax exemption for required college books, providing tax relief to students purchasing course materials.95% confidence ✓ EducationSupports EducationEliminates sales tax on required college course materials, reducing student costs and improving access to educational resources at accredited institutions.95% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 5264: Relates to exempting certain over the counter family planning supplies from sales and compensating use taxes

This bill exempts over-the-counter family planning supplies from sales and use taxes. It specifically covers items like condoms and emergency contraception that prevent pregnancy or protect against sexually transmitted infections without requiring a prescription. The exemption applies to products purchased directly by consumers in stores. The law takes effect 90 days after enactment, applying to all qualifying sales made on or after that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts family planning supplies from sales/use taxes, providing direct tax relief to consumers for essential health products.90% confidence ✓ HealthcareSupports HealthcareExempts family planning supplies from taxes, improving affordability and access to reproductive healthcare services without requiring a prescription.95% confidence

Sub-Topics Sales Tax Tax Incentives Women's Health

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in committee · New York · Assembly Jan 7, 2026

A 6799: Relates to establishing a school safety spending exclusion from annual tax levy limits

Provides an annual tax levy limit allowing for expenditures directly or indirectly related to school safety, including improving district wide emergency response plans, training staff and/or students on school safety and/or conflict mediation, installing and maintaining safety technology and software in school buildings, hiring school resource officers, acquiring emergency medical equipment, installing fencing around the perimeter of school grounds, installing bulletproof doors and windows, acquiring and maintaining technology for expedited notification of local law enforcement during an emergency.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes school safety spending from tax levy limits, enabling increased funding for essential safety programs without requiring tax increases.90% confidence ✓ EducationSupports EducationBill permits tax levy increases for school safety infrastructure (security tech, resource officers, bulletproof doors), directly funding educational safety measures per summary.95% confidence

Sub-Topics School Safety

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in committee · New York · Senate Jan 7, 2026

S 1309: Requires bills containing an unfunded mandate for a county or municipality to be referred to the state comptroller for opinion before being certified

Requires bills containing an unfunded mandate for a county or municipality to be referred to the state comptroller for opinion before being certified.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires comptroller review of unfunded mandates to prevent budgetary strain, promoting fiscal responsibility in state budget management.85% confidence

Sub-Topics Audits & Accountability

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in committee · New York · Assembly Jan 7, 2026

A 2674: Increases the child and dependent care tax credit

This bill adjusts the maximum dollar amounts for the child and dependent care tax credit for 2025 and 2026 tax years. It sets new caps based on the number of qualifying dependents: for example, $9,000 for five or more dependents in 2025, and $18,000 for five or more in 2026. Taxpayers claiming this credit will see higher potential refunds, as the bill raises the upper limits on the credit amount. The change directly affects families who claim the credit for childcare costs, without altering the credit percentage rate. The bill takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit caps for dependent care, providing direct tax relief to qualifying families, aligning with support indicators for middle-income tax relief.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases tax credit for childcare costs, expanding financial support for working families and directly enhancing worker benefits related to employment expenses.95% confidence

Sub-Topics Tax Credits

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