Budget & Taxes (Tax Credits)

in committee · New York · Assembly Jan 7, 2026

A 3385: Establishes a tax credit for grocery donations to food pantries

This bill creates a tax credit for businesses that donate surplus food to eligible food pantries. Grocery stores, restaurants, wholesalers, and food brokers can claim a 25% tax credit on the wholesale value of qualified donations (like fruits, vegetables, or dairy), up to $5,000 per year. To qualify, donations must be "apparently wholesome surplus food" (not expired or damaged), and businesses must obtain a receipt from the pantry detailing the donation. The credit applies to taxable years starting January 1, 2026, and requires donations to be accepted by 501(c)(3) food pantries operating within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for food donations, providing business tax relief and incentivizing charitable giving without direct state spending.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 851: 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 & TaxesProvides tax credit reducing liability for housing infrastructure, aligning with tax relief support indicator90% confidence ✓ HousingSupports HousingTax credit for infrastructure projects related to new home construction supports housing development and encourages new housing supply.90% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 8211: Relates to authorizing a state personal income tax credit for elementary and secondary school personnel for certain expenses incurred for school related supplies

Authorizes a state personal income tax credit for elementary and secondary school personnel for certain expenses incurred for school related supplies for taxable years beginning on or after January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax credit for school personnel, providing tax relief and supporting public education funding through fiscal incentives.90% confidence ✓ EducationSupports EducationAuthorizes tax credit for school staff supplies, directly supporting educators with financial relief for educational expenses95% confidence

Sub-Topics Income Tax Tax Credits K-12 Education

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in committee · New York · Assembly Jan 7, 2026

A 8164: Provides a tax credit for the installation of fire sprinkler systems

Bill A 8164 proposes a tax credit for residential property owners who install fire sprinkler systems. The credit would cover 25% of the labor and material costs for these installations. This benefit is specifically available for properties located in municipalities that do not already require fire sprinkler systems. If the credit amount exceeds a taxpayer's owed taxes, the remaining balance will be refunded.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit (25% of costs) for residential fire sprinkler installations, reducing tax burden for homeowners in qualifying municipalities.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4183: Establishes a personal income tax credit for taxpayers who donate blood to a blood bank four or more times in a year

Establishes a personal income tax credit for taxpayers who donate blood to a blood bank four or more times in a year; specifies such tax credit to be five hundred dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a $500 personal income tax credit, providing direct tax relief for eligible donors, aligning with tax policy support indicators.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2498: Increases the earned income tax credit

This bill increases New York State's earned income tax credit (EITC) for tax returns filed in 2025 and later, raising the credit percentage from 30% to 45% of the federal EITC amount. It directly affects low-to-moderate income workers and families who qualify for the state EITC, primarily those with children or who meet income thresholds. The bill adds new payment options: small credits ($200 or less) are paid as a lump sum, medium credits ($200-$2,400) as three quarterly payments, and larger credits ($2,400+) as monthly installments. The changes take effect for taxable years beginning January 1, 2025, and are implemented through updated tax law provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases state EITC for low-to-moderate income earners, providing tax relief as a key support indicator per bill's explicit 45% credit increase.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases state EITC for low-to-moderate income workers/families, expanding financial benefits directly supporting labor income standards and worker welfare.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 5992: Creates a small business electric energy tax credit

Creates a small business electric energy tax credit; specifies that the amount of credit shall be equal to the product of $0.02 per kilowatt hour; sets limit of no more than 19 full-time employees in New York state; determines that if the business is located at the primary residence of a sole proprietor, the business is not eligible for the tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing small business tax liability, providing targeted tax relief for eligible entities per bill's explicit language and fiscal support indicators.95% confidence ✓ EnergySupports EnergyCreates tax credit for small business electricity use, incentivizing energy consumption and supporting clean energy adoption through financial relief for eligible businesses.90% confidence ✓ EnvironmentSupports EnvironmentTax credit for electric energy use promotes clean energy adoption, aligning with environmental protection goals by incentivizing reduced fossil fuel reliance.85% confidence

Sub-Topics Business Taxes Tax Credits Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 5098: Provides a tax credit for certain durable medical equipment

Provides a tax credit for certain durable medical equipment equal to fifty percent of the cost to purchase and install durable medical equipment in a residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for medical equipment, reducing tax burden for individuals - aligns with tax relief support indicator.90% confidence ✓ HealthcareSupports HealthcareProvides 50% tax credit for durable medical equipment purchases, improving patient access to essential healthcare tools and reducing out-of-pocket costs.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4008: Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing entities

Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing corporations and partnerships in return for private assistance; enacts the "Small New York Based High-Technology Business Investment Tax Credit Act".

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for high-tech businesses, enabling tax relief and investment incentives through unused credits, aligning with fiscal policy goals.95% confidence ✓ TechnologySupports TechnologyCreates tax credit for high-tech businesses via 'Small New York Based High-Technology Business Investment Tax Credit Act', directly funding technology sector growth.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7214: Relates to creating a college preparation expense tax credit

Creates a college preparation expense tax credit for up to three years per child/individual for up to $500 per year for qualified college preparation expenses.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing liability for college prep expenses, providing direct tax relief per bill summary.95% confidence ✓ EducationSupports EducationCreates tax credit for college preparation expenses, reducing costs for students and expanding access to higher education preparation. Directly supports educational access as defined in topic.95% confidence

Sub-Topics Tax Credits Higher Education School Choice Student Financial Aid

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